That is socially, morally, and environmentally wasteful.

The biggest threat to German taxpayers is not southern European profligacy, but their own country s banks.

To allay anxiety about government profligacy, the ECB built conditionality into its bond purchase program.

But perhaps the world should be thankful, because without American profligacy, there would have been insufficient global aggregate demand.

In the wake of the Glorious Revolution of 1688, when Britain revolted against the spendthrift Stuart dynasty, the British government adopted a new approach to debt.

America s profligacy the fact that the world s richest country could not live within its means was often criticized.

Ultimately, though, it is public opinion that will determine governments fiscal stances, so fiscally conservative public opinion would be a great economic asset, as it would constrain policymakers profligacy.

The stereotypical Latin American economies of yesteryear used to get into trouble through populist government spending, while the East Asian economies ran into difficulty because of excessive long term investment.

There is no reason why a constitutional solution that involves debt limitation should not command a large measure of public acceptance, especially in debtor countries, which have experienced the political and economic damage caused by previous profligate governments.

The Mission's annual analyses of the national budget influenced the work of the Congress and the peace accords Follow Up Commission, confirming military spending excesses and deficits in peace accords priority areas such as education, health and the justice system.

When my parents visited the United States for the first time, I didn t hear the end of their shock at the excess they saw from the wastage of paper napkins and plastic cutlery at fast food restaurants to the average household s usage of cars and electricity.