For another, as we know from bitter experience around the world, tightening fiscal policy is politically much more difficult than easing it. And so the use of discretionary fiscal policy as an economic stabilizer increases the chances of a country getting into an unsustainable debt situation.
May we become a truly potent enabling force in moving the country forward and providing a better life for all Filipinos. Cheers!!! Thank you everyone and enjoy the rest of the evening. BIS Review 9/2007  3