Sentences with phrase «dollar deficits next»

With this deal plus the recent tax reform, we're looking at a potential return to trillion - dollar deficits next year.

Yet failure to do so is exactly why we face the prospect of trillion - dollar deficits next year and trillion - dollar interest costs within a decade.

Not exact matches

Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?

Tuesday's budget showed the Liberal government is still predicting billions of dollars in annual deficits over the next six years.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

But Kathleen Wynne's spending binge next week will press the deficit back up to $ 8 billion dollars from the previous balanced budget — Notley, governing a province three times less populous, has had to (gently) scrape its way to an $ 8.8 - billion shortfall.

Over the next few years deficit spending in excess of $ 1 trillion US dollars per year will be the norm in the US, but there is more to this than the headline figures reveal.

It's likely that this deficit will widen over the next few years and, unless many billions of dollars are spent soon, the world is facing the prospect of a significant shortage of oil in the early years of the next decade.

And as a result, trillion - dollar deficits will most likely return next year.

We could have a trillion dollar budget deficit next year.

Those who run the Fed are despondent that despite implementing for eight YEARS an interest rate policy specifically designed to enable Obama to create a totally false illusion of economic «recovery» by massively increasing government spending with trillions of phony, deficit, zero - interest - rate «dollars,» the people saw through the economic lie and defeated the Fed's next intended puppet, Clinton.

Permanent annual trillion - dollar deficits will now return next year and top $ 2 trillion by 2027 if both this budget deal and the tax law are made permanent, which is what Congress intends.

'' 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.

What incentive do the Senate Republicans have to play ball during the upcoming budget talks, which all sides agree are going to be challenging due to a growing multibillion - dollar deficit, if the governor has already signaled whose side he'll be on in the rematch for control of the chamber next fall?

It took some trimming — a few million dollars here, a half - million dollars there — but the Buffalo Public Schools were able to close a projected $ 10.2 million deficit and come up with a balanced budget for next year.

Former LG Richard Ravitch thinks the next mayor of NYC isn't going to have enough cash in 2014 to maintain the level of spending and services New Yorkers are used to and will face multibillion dollar deficits.

The Citizens Budget Commission, a nonprofit financial watchdog group, in a report last week, predicted that even with the planned fare increases, the MTA stands to post budget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subway plan.

The city faces a $ 4 billion dollar budget deficit in the next fiscal year.

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» she says the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

Changes that Republican lawmakers made to Gov. Scott Walker's executive budget likely would result in a half - billion dollar deficit going into the next two - year spending plan, according to a new analysis.

He says there's still a structural budget deficit of $ 2 billion dollars for next year.

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

Although no state funding has been allocated for the Capital Harbor Charter School in Bridgeport and the state of Connecticut is facing a $ 1.4 billion budget deficit in next year's state budget, Perry's New York application makes it clear that he is expecting Malloy to cough up millions of dollars so he can open his Bridgeport operation and collect his management fees.

But save yourself some time, just look at Paul Ryan's proposed budgets, that continue trillion dollar deficits for the next 20 years.