The Keynesianism of post-war governments in the West was 'one eyed' because it ignored the corollary of this: that when the economy is growing fast, expenditure reductions can prevent it from 'overheating'.

"I think there is large scope for expenditure reduction."

"There is a very real possibility that expenditure reductions and service reductions will be required in the coming year."

"There will have to be something that combines revenue increases and expenditure reductions," said Thomas J. Dooley, the chief deputy legislative analyst.

It is worth recording that before these expenditure reductions were announced Western Isles council received 98.4 per cent.

There is clearly a problem when the broadly accepted need to reduce the deficit (though the speed of doing so is contested) leads to expenditure reductions which, in turn, produce a negative response to every single change.

Permanently off the air as of September 15, 2010 due to fiscal expenditure reductions by the Board of County Commissioners, broadcast station license returned to the FCC for cancellation.

However, this was partially offset by related expenditure reductions.

As Chair of Expenditure Review Committee, McCallum achieved expenditure reductions of $11 billion over five years.

It is declining in response to our increased development, public expenditure reductions and new European Union rules.