Sentences with phrase «drag on the economy»

On top of the obvious human suffering caused by crushing debt, the fact that more than a fifth of the mortgages in this country are underwater is a huge drag on the economy.

-- it is a significant drag on the economy.

The biggest drag on the economy was business investment, which decreased for the second consecutive quarter.

The debt it creates an unnecessary drag on the economy.

The complexity of these supply chains makes it virtually impossible to dissolve NAFTA without a tremendous drag on the economies of all three nations, he adds.

The statement released raised the issue of the continued low level of U.S. demand and the continued strength of the LOONIE acting as drags on the economy.

And that, of course, is a powerful drag on the economy the Fed is trying to offset before it begins withdrawing its monetary stimulus.

So the special interests really rule the Cuomo administration and I would see him as a representative of the 1 percent in New York State, not fighting to address the wealth gap, the wealth gap that is a severe drag on the economy here but actually exacerbating it.

For those concerned about the legislation's possible drag on the economy and small business owners, de Blasio said the implementation of similar legislation elsewhere showed it «works for everybody.»

With escalating Venezuela tensions, Middle East concerns, as well as the potential for a significant drag on the economy by a weaker housing market, one might look to foreign fixed income.

It also means a lot more paperwork for more business (which is a measurable drag on the economy) and is prone to arbitrage as people game the system (putting VAT liabilities into shell companies that conveniently go bankrupt).

That means students desperately trying to repay their loans might retreat from the housing and auto market, causing a greater drag on the economy.

The overall effect will be an unneeded drag on the economy in exchanged for little practical benefit.

If the U.S. continues to react to the alleged threat of Global Warming / Climate Change (GW / CC), the result will be an immense drag on the economy.

Without more action by the government to help housing, the Fed warns that «the adjustment process will take longer and incur more deadweight losses, pushing house prices lower and thereby prolonging the downward pressure on the wealth of current home owners and the resultant drag on the economy at large.»

If all of the scheduled tax hikes and spending cuts go into force, the Congressional Budget Office (CBO) estimates that the total 2013 fiscal drag on the economy will be $ 560 billion.

«The continuing decline in the housing market is something that hasn't bottomed out as quickly as we expected, and so that's continued to be a big drag on the economy,» Obama said during the town hall forum.

The European Union tried this and it has proved a massive failure and a huge drag on its economy.

«Based on comparing the current economy to past recession episodes, we once again conclude that real estate weakness will remain a significant drag on the economy, leaving us treading water in 2008 but not slipping under the waves into recession,» cites the Bruin forecast.

But buying out the farmers would be a one - time payment that would halt an even greater transfer of wealth over time (and drag on the economy).

Goldman said the increased GDP could dissipate after 2020 and then actually become a drag on the economy.

Are the people who come from other countries a drag on the economy — because they consume resources and steal American jobs — or are they a net gain?

Moreover, small - business owners» pessimism will likely be a drag on the economy.

In my judgment, weak demand has been a drag on the economy and strong fiscal stimulus could help to pick up the slack.

When metals and energy have risen in price, it's been a drag on the economy.

In recent weeks it has hit back with its own threats, raising concerns among farmers and businesses in the United States that the escalating dispute could be a drag on the economy and blunt the effect of the tax cuts Mr. Trump signed into law in December.

The Federal Reserve chairman acknowledged student loan indebtedness could be a drag on the economy.

Krugman has previously pointed out on occasion total government spending is far below what it should be, and a drag on the economy.

Consumers still aren't spending at a rapid clip and government is likely to remain a drag on the economy for months to come.

Together, those drags on the economy of the 19 - country eurozone are a reason the bloc's unemployment rate is more than double that of the United States, and why eurozone growth has lagged the American rebound in recent years.

«You can hope the losses one day turn into profits, but if they don't, they are a drag on the economy.»

Interest payments alone will be a drag on our economy for generations to come.

After a long period of being a drag on the economy, the housing market is now providing lift to economic activity, with upward trends evident in housing starts, home sales, and home prices.

Policymakers see raising the pension age - currently 55 for women and 60 for men - as a way of spurring faster growth at a time when Western sanctions are a drag on the economy.

The B.C. Liberals forced the mayors to put this needed investment to a referendum, and now the premier won't even do her part to ensure her government's referendum passes — risking more gridlock, pass - ups, packed busses major gaps in service and a drag on the economy.

This means that falling levels of mining investment will not be a drag on the economy for much longer.

«Each of us needs to take policy actions that given the conditions in our country are most likely to produce more demand and more growth,» Lew said, adding that while the decision is up to Japan, «We'd be quite concerned about taking steps that would put a drag on the economy.»

The defiance of the song was a defense, as many of his songs («Workin» Man Blues,» for instance) were — of those who were derided by the mainstream of society, like the «Okies» demonized in California, as, at best, a drag on the economy and, at worst, a threat to public safety.

She also stressed that a strong environment is not a drag on the economy but rather a driver of growth.

My Republican friends seem to think differently, seeing social programs as a hindrance to business and drag on the economy.

«I am a Democrat, I am a fiscal conservative and have always believed that cutting government comes before raising taxes, that deficits are a drag on the economy and at the end of the day government's role needs to be limited to providing the services we need and that we wouldn't get from the private sector,» Swanick said.

Lastly, to top it all off, Grant Lally is one of these anti-Obama non-pragmatic imbicils that want to repeal the Affordable Care Act, which he claims has been a «drag on the economy» and caused premiums to increase, according to an article in Newsday.