Not exact matches
Its government has put a
stimulus package in place and is continuing its much - vaunted transition from infrastructure to consumer
spending, but a lack of trustworthy
economic data and corporate reporting continues to scare investors.
However, to maintain high GDP figures and create the impression of
economic strength post-crisis, China
spent more than $ 4 trillion on a
stimulus program.
Krugman opined the extent of Ferguson's
economic knowledge was «really sad,» and explained why
stimulus spending was the only appropriate response to the crisis.
Perhaps reflecting the mixed signals being sent by an economy where equity markets are hot but other
economic activity remains tepid, 30 % of respondents to a recent COMPAS poll say additional
stimulus spending should «probably not» be made.
To create jobs and prevent a double - dip global recession, this group of die - hard Keynesians wants to see emergency
stimulus spending maintained and maybe even increased to support
economic growth.
What Ottawa isn't considering, at least not publicly, is the return of
economic conditions that would dramatically impact government revenue, not to mention a total financial meltdown that would require emergency
stimulus spending (or a political need to meet calls for
stimulus).
Trudeau never really talked about his overhaul of the family benefit program as
economic stimulus, but that didn't stop others from anticipating a jolt in household
spending.
The rationale was that
stimulus spending should get in and out of the
economic bloodstream pretty quickly, so you need to find «shovel - ready» infrastructure projects that don't go on for too long.
Stimulus spending ensured that the downturn wasnâ $ ™ t as severe as it could have been and growth was stronger coming right out of the recession, but since then government austerity has slowed
economic growth, putting us behind the even the 1990s recovery (see chart below).
Program expenses were up only 0.4 per cent, as the ending of most of the
stimulus spending in the
Economic Action Plan and lower employment insurance benefits nearly offset increases in transfers to other levels of governments (
spending in this area is largely set in legislation) and in elderly benefits.
First, the period 2009 - 10 to 2011 - 12 was unusual, characterized by massive increases in
spending due to the temporary
stimulus measures introduced as part of the
Economic Action Plan.
The «under»
spending or lapse for 2010 - 11 and 2011 - 12 was usually large given that the funds earmarked for the various
stimulus programs under the
Economic Action Plan were not all required in that year.
«Australia's
economic growth is expected to pick up in the coming year, led by a broad lift in the business sector and additional
stimulus from public
spending,» he said.
Typically during an
economic slowdown there is a surge of
stimulus spending, financed by issuing debt.
Fed officials agreed that the tax cuts and
spending bill are likely to boost
economic growth but it «s unusual for the economy to receive such a big fiscal
stimulus at a time when it «s already operating either at or near its potential.
The one deviation from this vision was in 2009 when the G - 20 collectively agreed to undertake massive temporary
stimulus spending to support global
economic demand.
President Trump's campaign promises for tax cuts, infrastructure
spending, and deregulation sent consumer confidence soaring earlier this year, pushing stocks to record highs amid hopes for a range of
economic stimulus.
Proposals for fiscal
stimulus via tax cuts, government
spending and regulatory reform have led to expectations of stronger
economic growth, higher inflation and higher interest rates.
His successor, Guy Giorno, gave the government a more sharply partisan edge and maintained firm control as the government weathered the partly self - inflicted coalition crisis, the global
economic upheaval of 2008 - 09, and the massive
spending stimulus that followed.
Several high - profile economists and pundits are both frustrated and perplexed that initiatives like cash - for - clunkers, the $ 800 + billion U.S.
stimulus program, and Japan's 20 installments of government
spending juice (over recent years) have failed to trigger anywhere close to the expected multiplier1 impact on
economic activity.
This is an extremely large increase, given that the
Economic Action Plan
stimulus spending was not expected to have a major impact in 2011 - 12 (remember it was originally supposed to be a two - year program only - 2009 - 10 and 2010 - 11) and that departmental / agency budgets were to be frozen in 2011 - 12 at their 2010 - 11 levels.
Given the ending of most of the
Economic Action Plan
stimulus spending in 2011 - 12, one would have expected a significant decline in «other transfer expenses» between 2010 - 11 and 2011 - 12, much more than the $ 1.1 billion forecast by the Department of Finance.
During this period, the Government significantly increased
spending, primarily through temporary
stimulus measures announced as part of their
Economic Action Plan.
The statement did not mention the extra government
stimulus that has been added since the Fed's most recent
economic forecast in the form of a $ 1.5 trillion tax cut and a budget agreement that will add $ 300 billion in government
spending over two years.
1) Charities
spend their income on necessities, such as food and utilities, which ever - so - slightly re-orients our economy toward recession - resistant products, rather than luxuries 2) Charities
spend their money quickly, but on independent schedules, making for a smoother
stimulus effect on the economy 3) Charities make purchases tax - free, meaning that $ 1
spent by a charity generates a full $ 1 of private
economic activity; furthermore, much of those tax revenues are recovered as income tax on the grocery stores, utility companies, etc. that might not have received that income otherwise 4) Charitable giving is by far the most democratic way to improve society; from birth control to bombers, government assuredly
spends money on something you don't like, and charitable giving restores your say - so 5) Charitable donations are tax deductible, meaning you keep those tax dollars in your local community 6) Charitable donations provide the funds necessary for volunteers to serve the needy, thus giving «the average citizen» a chance to meet and interact with the needy, breaking down stereotypes
Expansion has also provided the needed
spending stimulus to prevent Asian and Russian
economic crises from drawing the whole world into a recession.
Unemployment checks are a particularly efficient
economic stimulus because recipients
spend the money immediately.]
Adding back temporary federal
stimulus funds used to supplement state funds in each of the last three years, state operating
spending under the new budget is up a whopping 8.4 percent over 2007 - 08, although both personal income and private - sector
economic activity in New York has dropped sharply during the Great Recession.
The report, as well as more «
Stimulus Success Stories» and further information about ARRA
spending, is available on New York State's
Economic Recovery website, www.recovery.ny.gov.
In a speech at the City Club of Cleveland earlier this morning, House Minority Leader John Boehner reiterated the Republican Party's call for an extension of the Bush tax cuts, criticized the administration's
stimulus spending and called for the ouster of President Obama's entire
economic team.
Rob Trotta (R - Fort Salonga), whose district includes the hamlet, says the grant — part of a $ 7.5 million countywide
economic stimulus package proposed by County Executive Steve Bellone and approved by the county legislature — is a waste of money at a time when the county has precious little to
spend.
Are you making the Keynesian argument that in the case of a severe recession we need a temporary
stimulus of extra
spending from some source to get
economic activity back to its normal level?
It is worth noting that while President Sarkozy was announcing a 2 billion euro boost to defence
spending as part of his
economic stimulus, Britain's Labour government were announcing delays to major programmes such as the carriers.
In its Pledge to America, the incoming Republican leadership of the House of Representatives has vowed to cut federal
spending to the levels it stood at before President Barack Obama's
economic stimulus measures and the bank bailout.
Whether a better grid would be considered an infrastructure investment worthy of
stimulus spending by the Obama administration is not clear; the work would not produce legions of jobs and would create
economic benefits only slowly.
In its «pledge to America ``, the incoming Republican leadership of the House of Representatives has vowed to cut federal
spending to the levels it stood at before President Barack Obama's
economic stimulus measures and the bank bailout.
Because science funding provides an excellent
economic stimulus, we believe the
stimulus package provides a unique opportunity not only for short - term science
spending but also to initiate the increasingly urgent goal of long - term increases in science funding.
As with all the money in the
economic -
stimulus package, the education money comes with reporting requirements: States must publicly report back exactly how they
spent the money.
In order to preserve jobs and maintain educational
spending, the federal government in early 2009 initiated an
economic stimulus program.
The U.S. Department of Education has identified four states that are at «high risk» for
economic -
stimulus spending problems, according to a report issued last week by the Government Accountability Office.
Even as school officials across the country continue to weigh cutbacks because of the still - bleak economy, Greg Murry, the superintendent of this 9,000 - student district, faces an enviable challenge: how to
spend, within a tight time frame, an
economic -
stimulus windfall of up to $ 7 million.
The Washington - based center took at look at how school districts have
spent money from the American Recovery and Reinvestment Act, the
economic -
stimulus law passed by Congress last year.
Billions in federal
economic -
stimulus dollars are slated to be
spent to help improve public education, but Americans relying on traditional news outlets are likely to find out little, if anything, about what that effort might mean for the schools in their communities, a new report suggests.
Shailesh Kshatriya, director of Canadian strategies at Russell Investments Canada, notes both are promising fiscal
stimulus in the form of infrastructure
spending that should be good news for
economic growth.
In February, the G20 called for a coordinated
stimulus program to be implemented by the world's major economies — or at least the ones that can afford it — that would see countries borrow to
spend on infrastructure like subway lines and power - generating stations, assets that will provide a short - term
economic boost while laying the foundation for longer - term growth.
This as
economic growth — led by housing and consumer
spending — stalls out and the Fed removes
stimulus that never really worked in the first place.
At the two ends of the
economic spectrum in any country, there are the usual
stimulus and government
spending programs which provide an artificial temporary boost and then there's the cutting of services, government employees, increases in taxes and other measures that bridge revenues and expenses more closely.
What they found: U.S. households boosted their
spending by 10 percent on average when they received
economic stimulus payments in 2008, with lower - income households experiencing the biggest impact.
However, to maintain high GDP figures and create the impression of
economic strength post-crisis, China
spent more than $ 4 trillion on a
stimulus program.
The program got a big boost under the
stimulus package of
spending during the great recession, but now is being funded at levels far below the
spending before the
economic crisis.