the gap between revenues and expenditures for a government (over a given period of time); often referred to as an internal deficit or public deficit.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.
According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.
According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.
In the USA, most states are not allowed to run fiscal deficits. In other federal republics, such as India and Argentina, they are allowed and frequently account for much of those countries' internal deficits.
by Abu Yahya February 14, 2009
Get the fiscal deficit mug.The greatest chess player of all time. Real name being , Robert James Fischer, Bobby was a chess prodigy who begun the game of chess at the age of 6 and became the youngest Grandmaster and World-title candidate at the mere age of 15. He stunned all his opponents with his vast and profound knowledge of chess from such a young age. He went on to play the US Championships 8 times in total, winning all of them, and achieving the only perfect 11 out of 11 score ever to be achieved in one of them, which has yet to be replicated. He went on to challenge the World Chess Championship in 1972 challenging some of the most brilliant minds in chess history such as Mark Taimanov and Bent Larsen in the Candidates round Defeating them with perfect scores of 6-0 while achieving a 6 1/2 - 2 1/2 with Tigran Petrosian. He went on to challenge the World Champion Borris Spassky whom he had always lost to and lost the first 2 matches, putting him at a disadvantage, but quickly gained composure and won the match 12 1/2 - 6 1/2 becoming the 11th world champion, but gave chess up after attaing it. For a brief moment, during 1970's Bobby Fischer became a superstar and popularised chess to its current state. His charismatic egoism and pure dominance over his competition made him renowned throughout the world as the best chess player to have walked the Earth.
Bobby Fischer (March 9, 1943 – January 17, 2008) was an American chess Grandmaster and the eleventh World Chess Champion. Many consider him to be the greatest chess player of all time.
by Smauggy007 February 12, 2019
Get the Bobby Fischer mug.by yunk dadddy February 12, 2010
Get the fiscaling mug.A description of an event or situation which is characterized by an ridiculously inordinate amount of frenetic activity. Disorganization and chaos to an absurd degree. Often associated with extreme ineptitude/incompetence and or sudden and unexpected failure.
by PantsPls March 30, 2017
Get the fiasco clusterfuck mug.A 'fishorse' is a combination of a fish and a horse. Discovered by the great Sichi in the year 2003, it is a very rare species.
"I once saw a Fishorse. It was awesome."
by Sichi January 8, 2009
Get the fishorse mug.Noun. A game in which the first person to touch a bill, such as 2013 budget, loses and has to give up something they want to pay for it.
Can also be played with electrical bills, hookers, and bar tabs. It is legally binding.
Can also be played with electrical bills, hookers, and bar tabs. It is legally binding.
Person A: Did you hear that that Boehner guy in the Republican party is still refusing to cooperate with President Obama even though it makes his entire party look worthless?
Person B: Don't worry, this is just fiscal brinksmanship. He'll agree to something at the last minute.
Person A: But what if he doesn't?
Person B: Then, I guess we're fucked.
Person B: Don't worry, this is just fiscal brinksmanship. He'll agree to something at the last minute.
Person A: But what if he doesn't?
Person B: Then, I guess we're fucked.
by Easy Kompany December 29, 2012
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