The main risk of fiscal profligacy would be inflation, which might actually help as a devalued dollar would make exports more competitive.

Sure, "fiscal profligacy", largely from the Club Med states, is one cause of the crisis.

Mr. Maheras added that many investors thought about the costs of a war and national security measures as one-time expenses rather than a pattern of fiscal profligacy.

Balls now preaches fiscal rectitude after 13 years of practicing fiscal profligacy.

Then in the 1980's, a period of apparent fiscal profligacy, Congress stripped down the future pension benefits of workers while dramatically raising their payroll taxes.

Scottish Opera dealt with various financial troubles, related to lack of funding and accusations of fiscal profligacy, during the first part of the 2000s.

First, how can anybody take savings exhortations seriously from a government that seems to revel in fiscal profligacy?

Significantly reducing high sales taxes that were set in times of fiscal profligacy would lift a burden from the poorest citizens.

Though sensible, this calculation is no substitute for curbing America's fiscal profligacy and correcting the allies' misplaced conservatism.

Investors here seem less concerned about fiscal profligacy in Europe than the pace of economic growth in the United States.