It is the price of past profligacy.

We therefore need to ensure that there is no wasteful duplication of effort or unhealthy competition on the ground.

Who are neither prodigal nor miserly in their spending but follow a middle path

And those who , when spending , neither exceed the limits nor act miserly , and stay in moderation between the two .

who , when they expend , are neither prodigal nor parsimonious , but between that is a just stand

And those who when they expend , are neither extravagant nor sparing , and it is a medium in between .

And those , who , when they spend , are neither extravagant nor niggardly , but hold a medium ( way ) between those ( extremes ) .

And those who , when they spend , are neither wasteful nor stingy , but choose a middle course between that .

who , when they spend , are neither extravagant nor miserly but keep the golden mean between the two ( extremes )

And those who , when they spend , are neither prodigal nor grudging and there is ever a firm station between the two

Those who are neither wasteful nor tightfisted when spending , but balanced between these two extremes .

who when they spend are neither wasteful nor miserly , between that is a just stand ,

And they are those who , when they spend , do so not excessively or sparingly but are ever , between that , justly moderate

who in their spending are neither extravagant nor stingy but maintain moderation ,

And they who when they spend , are neither extravagant nor parsimonious , and ( keep ) between these the just mean .

They are those who are neither extravagant nor niggardly , but keep a balance between the two

Those who , when they spend , are not extravagant and not niggardly , but hold a just ( balance ) between those ( extremes )

Theological language that might have decried the credit crunch as the wages of sin, a come uppance for prodigious profligacy, has become unusable.

It is deficit reduction, not debt, that is profligate, because it implies wastage of available human and physical capital, quite apart from the resulting misery.

But an increase in government outlays often means wasteful spending that produces less value than consumers would get from those same dollars.

Thanks to the profligacy of the current Bush administration (and the prudence of the Clinton administration), average Federal spending as a proportion of GDP under Republican presidents now exceeds that under Democrats during the measured period.

It considered that the Organization should keep its activities within the limits of the established budget appropriations, by controlling expenses, improving management, avoiding all forms of waste and using the resources available to it as profitably and rationally as possible.

Of course, some government spending is desirable or necessary. But an increase in government outlays often means wasteful spending that produces less value than consumers would get from those same dollars.

This augmented news reports about Greek profligacy, and thus closed a negative feedback loop by attracting intensifying public interest, which eventually fueled crises in other European countries.

To call these people s ostentatious displays of extravagance wasteful is to miss the point a world of glittering dreams that must remain entirely beyond our grasp is precisely what many people want to see.