Having argued that Osborne has room for manoeuvre, Balls then attempted in his speech to reframe
the debate over the deficit.
Not exact matches
As President Donald Trump takes the country closer to an economic nationalism that calls for tearing up agreements like NAFTA and the Trans - Pacific Partnership, potentially enacting higher tariffs on imports and obsessing
over trade
deficits, it is worth reflecting on a similar
debate that inflamed the electorate 130 years ago.
Much of the
debate over the past years about the benefits and the costs global specialization, primarily the rapid advance of China as a major manufacturing center has been less about the financial costs — the $ 12 trillion dollars of additional liquidity that the US consumers offered to the world (the cumulative US trade
deficit from 1990 through 2015 compared to the
over $ 3 trillion dollars in trade surplus run - up by China
over this same period — and more in terms of the jobs lost and the impact of foreign products on American wages in manufacturing.
Given the
debate over the federal
deficit, government spending on social services, such as Medicare and Social Security is under increased scrutiny, with many Republicans mounting an all - out assault.
If the Tories do rear their «true» head & claim that the cuts will (& should) be permanent, then the
debate will be between amputation vs cure in how to deal with the
deficit, breaking what patina of consensus still remains between political parties
over the necessity of the welfare state.
At Left Foot Forward, the Fabian Society's Sunder Katwala offers a very interesting analysis of the
debate over the government's
deficit reduction and spending cuts programme.
But long before the internal
debate over Labour's new ideological orientation had been resolved, the Tories had successfully established the
deficit as the most important issue of the day — and one for which Miliband's team never managed to craft a decisive message.
The economic
debate over whether cutting the
deficit faster or slower will help the recovery more doesn't have much to do with politics.
In the leadership election, we are not choosing the chair of a discussion group who can preside
over two years or more of fascinating
debate while the Tories play hell with cuts in local services and public investment, extend injustice and flatlining incomes, sustain or worsen private debt, and deepen the balance - of - payments, productivity, housing and poverty
deficits.
I believe that a lot of our attention needs to shift away from pointless
debates (for example, low carb vs. high carb is getting really old so like get
over it everyone, its a calorie
deficit that makes you lose weight, not the amount of carbs).
WASHINGTON — While most of the
debate in Congress
over President Clinton's
deficit - reduction proposal focused on the plan's controversial tax increases and spending cuts, the omnibus package also contained a number of provisions affecting children, students, and schools.