Sentences with phrase «bigger budget deficits»

The GOP's tax overhaul may give a shot of adrenaline to the economy in the short term but will lead to bigger budget deficits over the next decade, InvestmentNews writes in an editorial.

The answer: higher taxes and bigger budget deficits.

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

Some Republicans have complained the changes would cost too much at a time Washington is running big budget deficits.

We face the biggest budget deficit in our peacetime history.

Whether we're talking about the «squeezed middle», the «cost - of - living crisis» or cutting the «biggest budget deficit in our peacetime history», it's fair to say that many Brits will be feeling pretty taxed already by the time the chancellor stands up to deliver his budget speech on Wednesday.

The causal sequence, as I understand it, runs as follows: (1) Inadequate regulation of the financial sector leads to (2) crisis in the financial sector which leads to (3) crisis in the whole economy which leads to (4) falling tax revenues which leads to (5) a bigger budget deficit.

In May 2010, Gordon Brown lost his first general election as prime minister as Britain totted up its biggest budget deficit, due in part to a deeply unpopular bailout of two of the nation's largest banks.

Apparently Britain has one of the biggest budget deficits in the western world.

We now have almost the same market interest rates as Germany, despite having a bigger budget deficit than Portugal, Greece and Spain.

12:06 - «What he left was the biggest budget deficit in Britain's peacetime history,» Cameron replies, predictably.

Still reeling from the effects of the 2008 recession, suburban governments across Greater New York and in New Jersey are closing big budget deficits with a measure of last resort: public - sector layoffs.

He described Ed Balls as the architect of the deepest recession, the biggest budget deficit and the largest housing crash.

In California, the state with the biggest budget deficits in the nation, many school districts are really packing them in.

According to Bloomberg, Saudi Arabia's government relies on oil for at least 80 % of its revenue and faces its biggest budget deficit in nearly 30 years (20 % of GDP, according to an estimate by the International Monetary Fund).

We are living through an era that has been called a financial repression, where the United States, Europe and Japan — all of these nations — have big budget deficits and large ratios of debt to GDP.

Meanwhile, more hedge funds are trying to invest their funds into bitcoin in order to combat rapid inflation that is caused by big budget deficits.

Not exact matches

Justin Trudeau, the Liberal leader, pointed out that his predecessors bequeathed Harper big budget surpluses that he turned into deficits.

Some economists say that it's impossible to «grow yourself out» of this deficit, but Flaherty says a new budget expected in March will explain the «guideposts» of his big plan.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

When the federal budget is released on Tuesday, the two big questions economists and pundits will have are «how big is the deficit?»

For all the talk of fostering superclusters and creating new companies, it should be noted that there's very little in the way of new financial resources to back that up in the budget — despite the big deficits.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

Wages increased most during the Clinton Administration, which also brought about the biggest increase in jobs, and an elimination of the budget deficit to boot.

Despite all the bashing China takes in Congress, it's big bad China that finances Washington's massive one trillion dollar plus budget deficit.

Titled «Building a Strong Middle Class» the 278 - page document is essentially a sequel to last year's «Growing the Middle Class,» with page after page reminding voters what the government did in its first big - spending, deficit - ballooning budget.

In arguing against the bill, Brown noted that the Congressional Budget Office found that it would slightly increase the probability of a big bank failure, which would add to the deficit.

Until the Federal government can pass a budget (they haven't in almost four years), remove the 7 - year long ZIRP which penalizes savers and rewards debtors, and find a way to eventually remove the excess QEs and > $ 1 trillion annual spending deficits, I will stay on the porch while the «big dogs» run.

Harper and Oliver have made «deficit elimination» in 2015 - 16 such a big political deal that everyone is now waiting for the budget to see what «magic tricks» (e.g., unspecified asset sales, re-profiling) the Finance department will come up with to make it happen.

While the big numbers will grab the biggest headlines (and it doesn't get much bigger than that $ 29.4 billion deficit), many families wonder just how this budget will affect them.

Greenspan says that interest rates will have to rise because of very large budget deficits if big programs are not cut..

In particular, more than half of those surveyed knew who ran the oil well that exploded in the Gulf, that the budget deficit is larger now than in the 1990s, that Republicans were the big winners on November 2nd (though fewer than half know that they'll only control the House and fewer still can identify John Boehner as Speaker), that the U.S. has an international trade deficit, and that unemployment is pretty close to 10 percent.

Unfortunately, the UK was perhaps the most eager participant in this boom, with the most indebted households, the biggest housing bubble, the most over-leveraged banks and the largest budget deficit of them all.

His unrivaled negotiating skills and ties to big spending groups have for over a decade assured that budgets always had deficits, increased debt, added new taxes, and reflected a consistently anti-business bias.

'' The next two years will provide no shortage of challenges for our Conference, its partners in government and all New Yorkers: A multi-billion dollar budget deficit needing closure, a government that is still too big and spends too much, chronic unemployment, some of the nation's highest taxes and a continued lack of public confidence in state government,» Kolb said.

Labour also said today they would pledge better value for public money while making no big spending commitments in a bid to reduce a record budget deficit.

New Suffolk County Executive Steve Bellone has begun to tackle what he's called the county's biggest issue: the budget deficit.

It goes like this: Labour bequeathed the biggest postwar deficit in our history; Labour had no plan to tackle it; the measures announced in the emergency Budget by George Osborne in June are fair and unavoidable, and a mess created by one party alone is having to be cleared up by two working together.

Whenever the next update comes out, it probably will show a worsening FY 2018 budget gap, and perhaps even a true potential deficit for the current year — depending on whether Cuomo forces a post-election special session based on his power to cut spending in the wake of big enough drops in federal revenue.

According to state Comptroller Tom DiNapoli's office, the current - year budget deficit is a lot bigger than the $ 350 million estimated by Gov. David Paterson's Budget Division, and is likely closer to $ 1 bibudget deficit is a lot bigger than the $ 350 million estimated by Gov. David Paterson's Budget Division, and is likely closer to $ 1 biBudget Division, and is likely closer to $ 1 billion.

In his first big speech as shadow chancellor this morning, Alan Johnson tried to refute the Coalition's suggestion that Labour is responsible for the budget deficit.

A bigger issue is closing the state's increasing budget deficit.

One of the biggest challenges that Governor Andrew Cuomo and state lawmakers will face in 2018 is balancing the state's budget, which already has structural deficit of more than $ 4 billion.

«This budget was to close a $ 10 billion deficit and we can't balance that without looking for reductions in a lot of different areas, and the biggest cost drivers are education and Medicaid.

The budget deficit is the highest in the history of Saudi Arabia, but was not as big as some expected.

As a result, Britain's budget deficit is almost as big as Greece's in proportion to its economy; its public sector is larger.»

And next week, when I go to the G7 meetings in Washington, I will represent the country with the single biggest structural budget deficit - indeed the largest deficit in the peacetime history of Britain.

Our budget deficit is bigger than the lot of them - but here in Britain our market interest rates are today just 2.5 %.

When Gov. Andrew Cuomo gives his budget address next Wednesday, the state will begin the year with a $ 5 billion surplus — a big change after years of budget deficits.

The biggest risks, Lhota warned, involve the city's budget, which faces a multi-billion dollar deficit and expired contracts with municipal unions.