fiscal crisis of the state

基本解释

However, due to moral hazards, the fiscal cost has expanded again and again in dealing with the financial crisis of state-owned commercial banks.
但是由於道德風險的存在，使得財政在処理國有商業銀行財務危機中發生的成本一再擴大。
As E. J. McMahan, of the Empire Centre for New York State Policy, says, “the president is not doing New Yorkers any favours. He’s the only governor we have in the middle of a fiscal crisis.”
Mcmahan在紐約州立法的帝國中心說，“縂統沒有幫紐約州什麽忙，他是經濟危機中的唯一州長”。

In fact, they eventually add up to a classic Ponzi Scheme that ultimately collapses in a fiscal crisis of the welfare state.
FORBES: The Fiscal Crisis Of The Welfare State
Ultimately, this game leads to a fiscal crisis of the welfare state as the political dynamic stimulates an insatiable appetite for forcibly taking resources from other people to be allocated from the center to satisfy political demands.
FORBES: The Fiscal Crisis Of The Welfare State
In testimony before the House Budget Committee Feb. 9, 2011, Federal Reserve Chairman Ben Bernanke blew the whistle on these projections when he endorsed large spending reductions and fessed up that unless Congress cuts spending dramatically there is no way to grow our way out of a looming fiscal crisis of the welfare state.
FORBES: Are Republicans Going All Wobbly On Spending?