Indeed, with interest on
the growing public debt rising, operating surpluses would have been appropriate to help pay for the interest costs.
That tells you that we are
growing our public debt by an average of 3 billion a month over five months,» he added.
«Let me assure those who have expressed concern about
the growing public debt that we are taking several actions to grow government revenues as well as plug revenue leakages.
This signifies our resolve to «breaking the back» of
a growing public debt from previous year.
Not exact matches
With the new Trudeau government pledging more deficits,
public debt and cost to service it appear set to keep
growing for the foreseeable future.»
They seem to be «blissfully» unaware of the huge and
growing financial liability implied by
public - sector
debt loads.
After all, they've single - handedly powered Hoku Scientific Inc.,
growing it from a homebased business with credit card
debt of more than $ 100,000 to a
public company that projects revenue of $ 7 million to $ 10 million for fiscal year 2008.
Toward debtor countries American diplomats work through the World Bank and IMF to demand that debtors raise their interest rates and impose taxes and austerity programs to keep their wages low, sell off their
public domain to pay their foreign
debts, and deregulate their economy so as to enable foreign investors to privatize local electricity, telephone services and other infrastructure formerly provided at subsidized rates to help these economies
grow.
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.
Remember what Irving Fisher told us in The
Debt - Deflation Theory of Great Depressions: The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gulli
Debt - Deflation Theory of Great Depressions: The
public psychology of going into
debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gulli
debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the
public to great expectations; (d) the development of downright fraud, imposing on a
public which had
grown credulous and gullible.
Monetizing
debt creation at the expense of households worsens the imbalances and makes the economy even more dependent on
public sector investment, which means that the
debt burden would
grow even more quickly.
Bill Robson, president of the C.D. Howe Institute, a
public policy think - tank, said one of the greatest challenges for the middle class is saving more for retirement at the same time wages aren't
growing nearly as fast and household
debt piles up.
Resentment is
growing not only towards those who ran up the
debts — Iceland's bankrupt Kaupthing and Landsbanki, with its Icesave accounts, and heavily geared property owners in the Baltics and central Europe — but also towards the foreign advisers and creditors who put pressure on these governments to sell off the banks and
public companies to insiders.
Resentment is
growing not only toward those who ran up these
debts — Iceland's bankrupt Kaupthing and Landsbanki with its Icesave accounts, and heavily
debt - leveraged property owners and privatizers in the Baltics and Central Europe — but also toward the neoliberal foreign advisors and creditors who pressured these governments to sell off the banks and
public infrastructure to insiders.
And while there have been a string of successful initial
public offerings, including Healthscope's debut last week, this is not enough to counter the force of more competitively priced funds available in the
debt market than the equity market for a company seeking to
grow by acquisition.
I think this may have been true in the past when we were selling players and trying to pay off our Emirates
debt, but surely Wenger is desperate to win the title again and is acting (in
public anyway) like he has
grown a pair.
A Senate Democratic source counters that Republicans may be keeping their fundraising pace, but Democrats have
grown leaps and bounds from where they were (when they were stuck in
debt), and have renewed the
public's confidence in their conference.
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.
Debt accrued by the state's 500 - plus authorities and
public corporations has
grown by $ 1.2 billion over the last year to nearly $ 42 billion, according to the Authorities Budget Office's annual report.
Higher interest rates are a greater danger to the recovery: «Because of the mess in the
public finances created by the last Government, the amount of
debt interest that we have to pay out is
growing and beginning to exceed some core Government budgets.
If the United States is ever to pay off its vast and rising
public debt, as well as the
growing deficits in its teacher pension accounts, it will have to fix not only the nation's schools but local ones, too.
I seem to have been on a science fiction kick lately, but this one — while written a few decades ago — seems to have a lot of today's details involved with its plot: a government
growing larger and larger, increasing unemployment, an ever - increasing
public debt, and inflation
growing unchecked.
The «alternative scenario» from the Congressional Budget Office (CBO) shows that spending will
grow from 20 percent today to 32 percent by 2040, while
debt held by the
public will
grow from 74 percent to 170 percent.1
The claim that refugees will increase
public debt but help GDP
grow by a ratio of 2:1.