| Almost half of the stimulus simply offsets the contractionary effect of cutbacks at the state level. |
| The shift in fiscal stance should have imparted a contractionary bias to the economy, yet over the last four years the economy has prospered. |
| Government surpluses drain the private sector of net savings, a very contractionary policy! |
| If you believe in stimulus, all stimulus plans are eventually contractionary. |
| The contractionary effects of the fiscal intervention may not yet have peaked. |
| That pace may well be healthy enough to offset the contractionary forces of the tech downturn, falling exports, and rising layoffs. |
