By Matt Pommer Which is worse: high property taxes or
a growing federal deficit?
Long's release snarked that Gillibrand «took a break from her book club» (part of her Off the Sidelines campaign to get more women involved in politics) to tackle trade in hopes of deflecting attention from skyrocketing gas prices, the high unemployment rate,
the growing federal deficit and lack of a federal budget for the past three years — the entire time Gillibrand has been a sentor.
Not exact matches
But regardless of the assumptions, what we do know is that the
federal deficit and debt will
grow.
Following a few years of relative fiscal stability thanks to the economic recovery and bank settlements following the financial collapse, New York is staring down a budget
deficit of more than $ 4 billion, an amount that could be
grow because of cuts in
federal health care spending and the tax overhaul.
The state is facing a $ 4.4 billion
deficit that, depending on
federal action, particularly in the way of Medicaid funding for the states, could
grow sharply in the months ahead.
As you know, the significance of outyear budget projections has been
growing in recent years, as Congress and the President seek, by somewhat different paths, to eliminate the
federal deficit and balance the budget.
But at a time of
growing concern about
federal spending and
deficits, U.S. solar firms may be racing the clock to prove their viability.
In state after state, ballooning
deficits that already have forced layoffs and other belt - tightening across state governments are hitting an education bureaucracy charged with carrying out a
growing list of state and
federal mandates.
He does support cutting down on the
federal budget (meaning
federal education programs); for instance, he once complained, «An increasing
deficit and an ever -
growing 19 trillion dollar national debt, despite a volley of tax increases, prove this administration is committed to spending us into oblivion.»
The money supply has been
growing like a weed at the same time that the
federal deficit is shrinking — $ 148.5 billion through the first eight months of budget year, down 34 % from last year.
Mortgage interest rates are expected to rise, too, as the already tight labor market constricts further and as
federal budget
deficits grow, further dampening the market.