Sentences with phrase «growing national debt»

During times of deficit spending, tax liability escaped by «wind farm» owners adds to amounts that must be borrowed to cover the deficit and, therefore adds to the huge and growing national debt burden that will fall on our children and grandchildren.

Panel chair Smith echoed such concerns in a statement explaining his vote against the deal: «I did not support the legislation because it failed to address our growing national debt and the need to get our economic house in order.»

But he voted against the 3 - month extension of funding every federal agency, with his fear of a growing national debt apparently trumping his passion for science.

Yet the continuing limits on discretionary spending, (which are intended, paradoxically, to serve the very worthwhile purpose of protecting future generations against the burden of a growing national debt) may well have the unintended effect of weakening U.S. science and technology and thus diminishing the prospects for those generations.

Wendy Long is a fiscal conservative who will fight to cut spending, lower taxes, and shrink the ever growing national debt.

After years of blaming former President Barack Obama for the growing national debt, some Republicans said they were responsible for any abdication of fiscal discipline now that the GOP controls the White House and both chambers of Congress.

So when President Barack Obama pushed for a $ 60 billion package of federal aid, it sparked more than three months of partisan sparring — a delay that left Democrats and northeastern Republicans fuming while the remainder of the GOP fulminated against the threat of a growing national debt and the inclusion of spending they deemed wasteful.

As a result, higher interest rates on a growing national debt would be damaging in the long run.

The claims being racked up against the future output of U.S. workers are of long - term concern, not only as a result of demographics, but also as the result of unproductive spending and a growing national debt.

This is his opportunity to remind voters — in a tone of disappointment and regret, not anger and malice — that Mr. Obama's negative attacks will not put anyone back to work, reduce our growing national debt, or get America moving in the right direction.

What I look at right now is our growing national debt, what the impact of that's going to be to future budgets.

Another problem is that the Republican tax plan would significantly grow the national debt.

He said the recent Republican tax bill that was adopted last year by Congress will grow the national debt by $ 1.5 trillion.

Not exact matches

Yet the national debt grew by 6 %.

Yet over the past ten years, the national debt has grown from $ 9.4 trillion to over $ 21 trillion - a growth rate of 123 %!

For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $ 73 BILLION.

If our economy doesn't grow, we don't have a prayer of digging our country out of this hole we call the national debt.

The Congressional Budget Office recently projected that, even with the economy growing, the national debt is expected to climb over the next ten years from $ 21 trillion to $ 33 trillion.

According to the National Student Loan Debt Clock, the total amount of student loan debt is growing by more than $ 2,726 every secDebt Clock, the total amount of student loan debt is growing by more than $ 2,726 every secdebt is growing by more than $ 2,726 every second.

The cumulative national debt of these countries may as well be denominated in barrels of oil instead of euros, because millions of barrels of oil is what will be needed to get those economies growing again.

They are to pay for their rising debt service not by taxing the population, but by selling public assets to the financial, insurance and real estate (FIRE) sectors — the very sectors which are receiving the growing interest payments on the national debts resulting from lowering taxes on wealth.

With the national student loan debt now exceeding $ 1 trillion, there is a growing need for repayment plans, such as Income - Based Repayment (IBR), to suit diverse financial situations.

Yet over the past ten years, the national debt has grown from $ 9.4 trillion to over $ 21 trillion — a growth rate of 123 %.»

EBITDA is the cash flow proxy above, and debt is slowly declining even as the company grows its casino base with projects like MGM Cotai and MGM National Harbor.

It is hard to believe that just a few years ago a national bipartisan fiscal commission was working on a plan to bring our growing and historic national debt back down to sustainable levels.

The UK economy has continued to grow, but the national debt has grown faster.

John has my strong endorsement for his run for Congress because he'd be a trusted ally who will be committed to tackling a national debt that has grown to over $ 19 trillion, crippled our job creators and made us less safe overseas and here at home.»

However, throughout the second half of the 20th Century, national debt and public sector borrowing emerged as a structural problem in most developed economies, with large deficits being run year after year, as the role and «size» of the state has grown.

The Reform Party of New York State represents the interests of voters who are concerned with out - of - control spending, growing budget deficits, an unsustainable national debt, as well as gross mismanagement in government and unethical behavior from elected representatives.

The deficit is back to pre-crisis levels, we are firmly on course to get our national debt falling and business investment is growing.

«Strong, conservative fiscal policies of cutting spending and limiting our debt have created a strong financial foundation that allows us to invest in our community and grow our tax base,» said Oneida County Executive Anthony J. Picente Jr. «The three national credit agencies have once again confirmed our conservative approach by maintaining our stellar credit ratings.»

What's more, even his fiscal rule to have national debt growing no faster than the economy by the end of this Parliament was shaped by the demands of the credit rating agencies.

Yet our national investment in these programs is growing: more teachers are earning master's degrees and amassing more student - loan debt to cover the costs.

First, the national student loan debt grew to $ 1.41 trillion.

This past decade has seen the personal loan industry grow from a fledgling, high - risk business to a booming space occupied by numerous lenders and prime borrowers.According to the most recent consumer data from TransUnion, the national personal loan debt stood at $ 107 billion in Q2 of 2017.

The increase in the national delinquency figures came as the average Canadian's non-mortgage debt level grew to $ 21,348 compared with $ 20,785 a year ago.

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 good news is that the wealth of Canadians has grown during the current debt binge, with national net worth increasing by 2.3 % in the fourth quarter.

The national debt will grow until a Greek like bond market crisis occurs and interest rates are forced up sharply by the global bond market (foreign creditors).

The national average credit card debt is growing every day, and it's reached record highs in recent months.

With a rising collective national debt that's in the trillions of dollars, $ 15,609 in credit card debt per citizen and a personal student loan debt of $ 32,956, it seems that this is one hole that keeps growing bigger by the year.

We at Generation Progress — the national youth engagement arm of the Center for American Progress — have been engaged in a multi-year campaign comprised of dozens of organizations dedicated to tackling the crippling and ever - growing issue of student loan debt in America.

This required some additional resources to be added to balance the equation, and the additional resources turned out to be reduced (or flattened) wage growth, reduced expendable income (without taking on debt at the individual level — which Americans did at rapidly growing levels), and national debt.

«At a time when we have a record - breaking $ 13 trillion national debt and a growing gap between the very rich and everyone else, people who inherit multi-million and billion dollar estates must not be allowed to avoid paying their fair share in estate taxes,» Senator Sanders said.

The National Foundation for Credit Counseling ® (NFCC) February online poll revealed that most taxpayers (68 percent) would prefer to pay down their debt with a tax refund this year instead of growing their personal savings.