«The Foundation is in a strong
fiscal position going into 2018 and 2019, with substantial funds available both from investment earnings and trust fund income.
«As a result,» says Mr Powell, «we missed an opportunity to put the country into a better
fiscal position going into the economic crash of 2008».
Not exact matches
President Obama quickly made his
position clear: Congress must raise taxes on Americans earning more than $ 200,000 a year as part of any compromise to keep the U.S. from
going over the
fiscal cliff.
The country has a strong
fiscal position, its banks are well capitalized, credit is available and the real estate sector has not
gone off the rails.
If higher interest rates remain elevated for an enduring length of time, the government will not be in a
position to provide
fiscal stimulus, as a much larger percentage of its budget will
go to paying back the interest on its Treasury bond debt.