An indie band formed in Owen Sound, Ontario, Canada. Members include Kurtis White (drums/vocals), Cody Zevenbergen (guitar/harmonica/vocals), Steve Seguin (vocals/bastard tea jug filled with rocks/guitar) and Nathan Krulicki (vocals). Their music can be found on their facebook fan page. They were founded after Cody viewed an episode of the daily show in which Jon Stuart told him that he'd be very disappointed if the band was not formed. They believe in mothers as classy ladies and grandmothers as whores.
by TheLesbianBondageFiasco December 18, 2010
Get the The Lesbian Bondage Fiasco! mug.*noun*, efforts by the government to intentionally run a deficit in order to stimulate the economy during a recession. Loosely associated with Keynesian economics.
According to basic economic theory, recessions occur because there is a basic mismatch between aggregate demand and potential output. One approach for solving this is for the government to buy more goods and services than it has revenues to cover, thereby creating conditions in which effective demand is greater than the stock of goods currently in business inventory (given recessionary prices).
Under a stimulus, the jolt of extra money in circulation creates inflation, which has the effect of lowering real prices. Customers then respond to the {de facto} price reduction by buying more, which leads to more hiring, thence to more effective demand, thence to economic recovery.
Another reason fiscal policy stimulates the economy is that the private sector is not investing or consuming its own output. Increased taxes would simply reduce private consumption, so those cannot be increased; but spending is increased to fill the breach.
According to basic economic theory, recessions occur because there is a basic mismatch between aggregate demand and potential output. One approach for solving this is for the government to buy more goods and services than it has revenues to cover, thereby creating conditions in which effective demand is greater than the stock of goods currently in business inventory (given recessionary prices).
Under a stimulus, the jolt of extra money in circulation creates inflation, which has the effect of lowering real prices. Customers then respond to the {de facto} price reduction by buying more, which leads to more hiring, thence to more effective demand, thence to economic recovery.
Another reason fiscal policy stimulates the economy is that the private sector is not investing or consuming its own output. Increased taxes would simply reduce private consumption, so those cannot be increased; but spending is increased to fill the breach.
I think it is possible that fiscal policy will have even more 'oomph' in this situation," Christina Romer, who heads the Council of Economic Advisers, told an economics conference.
"When households and businesses are liquidity-constrained by reduced lending, any money put in their pockets is more likely to be spent," she said.
--Reuters, "White House's Romer: Stimulus may pack more punch" (3 March 2009)
"When households and businesses are liquidity-constrained by reduced lending, any money put in their pockets is more likely to be spent," she said.
--Reuters, "White House's Romer: Stimulus may pack more punch" (3 March 2009)
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by brownvolleyball May 16, 2008
Get the fishco mug.-Dan is failing school, loves to party, and gets stoned every afternoon.
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by Dr.Soviet April 25, 2011
Get the Fusco mug.When a politician abruptly becomes conscious about government spending and the national debt, often occuring after their political party becomes the minority, and thus has less government influence to pass legislation.
Several Republican members of the House of Representatives became born-again fiscal conservatives when Barack Obama became President, after years of wasterful spending.
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Get the Fischer mug.A great gathering of a mass group of people from all walks of life. Who rejoice in festivities such as beer pong and jello shots and the all famous ice loush! It comes about every few months where people are in perfect harmony and peace is at it's truest meaning.
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