Sentences with phrase «cutting public borrowing»

Not exact matches

This means that when they cut property taxes, they either must borrow from the wealthy, or cut back employment and public...

Finally, the report noted that state and local revenue gains from federal tax reform will be further offset by higher costs for state and local borrowing, resulting from tax reform, and greater demand for public services as charitable donations drop and federal budget cuts continue.

The big banks, having caused the crisis in the first place and led governments to borrow vast sums to come to their aid, have successfully redefined the resulting fiscal deficits as entailing cuts to public spending and social protection.

Cutting public services and jobs now will hit local economies, stunting economic growth, and ultimately force long - term borrowing up.»

Gov. David Paterson and legislators quietly borrowed state money in 2010 to give to their favorite baseball clubs, veterans halls, museums and even a racetrack casino at the same time they were cutting jobs and support for schools, health care and other basic public services.

Public Works Commissioner John Loffredo says budget cuts over the years have slashed plow crews and plows, with Legislature Chairman John Mills saying the county may have to borrow money to buy new plows.

In a BBC interview, Mr Osborne pledged to reduce Britain's borrowing by cutting public spending — rather than increasing taxes.

Surely cuts in government waste must go to substantially reducing public borrowing.

Instead of competing with the Tories over cuts, Labour should be demanding a major public sector investment programme of job creation in infrastructure, housing, and service provision funded, not by any increas in public borrowing, but by taxing the 0.1 % super-rich on their # 190bn gains since the crash 4 years ago.

Ahead of the Budget, the public were asked for views - and to take part in an unscientific vote - about whether George Osborne should go for more cuts or more borrowing.

The budget contains no tax increases or significant borrowing, but deep cuts including another 10 - percent cut for the public universities after similar cuts last year.

But the opposition parties warn it's a ticking time bomb that will herald a new wave of public sector job cuts and provoke a downgrade of Ontario's debt rating, jacking up borrowing costs that are already consuming about $ 11 billion a year — its fourth - largest expense.