Sentences with phrase «growth would balance the budget»

Ronald Reagan spent much of 1981 and 1982 claiming that economic growth would balance the budget.

Not exact matches

The authors said Trudeau's fiscal stimulus would add 0.5 % to economic growth this year and next, allowing the economy to reach its non-inflationary level of potential output faster than if former prime minister Stephen Harper's obsession with a balanced budget had remained Ottawa's priority.

Page 287 of the 2014 Budget has an estimate that a 1 - percentage point decrease in GDP growth would reduce «the budgetary balance by $ 3.7 billion in the first year, $ 4.5 billion in the second year and $ 6.0 billion by the fifth year.»

When Liberal Leader Justin Trudeau made comments about the budget being able to balance itself if economic growth were higher, I paid little attention, as Canada's budget deficit is relatively small and I have heard many others make this claim.

Yes I realize the AFB and everyone else has a formula to balanced budgets, but with corporate taxes a mere shadow of what the were some 20 years ago, it will take a whole pile of growth or it will tax some major tax reform to keep the books out of the red and push into the black.

Using the sensitivity analysis provided by the Department of Finance in the April Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015budget balance of approximately $ 2.5 billion in 2015 - 16.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

«Our Government's sound economic management and unwavering commitment to balance the budget this year — while creating jobs, growth and long - term prosperity for Canadians — has resulted in a resilient economic performance in a challenging global economy.

Furthermore, Ryan's death check list AKA the Ryan Plan is actually a 28 year projection not the 10 year projection they are using in the discussions... The reason they are using a 10 year projection is because Obama's plan is a 10 year projection that would balance the budget, Romney / Ryan plan is a 28 year projection that would double the deficit in 10 years, and as people die off between years 10 and 28, and we have a theoretical unprecedented growth of the economy it would break even at the end of year 28... Go look it up for yourself... Then

He may well be right: Hollande's recent demands that the stability pact be renegotiated, that Germany would have to push for growth as well as balanced budgets and the whole tenor of his campaign is evidence enough.

«Years of decreasing, stagnant or slow economic growth have led local governments to cut vital services and tap their rainy day funds to balance budgets, a practice that is not sustainable in the long term,» the comptroller said.

«If allowable levy growth remains restricted, school districts will have to increasingly depend on overrides, state aid growth, and expenditure cuts to balance their budgets, a credit negative,» Moody's found.

«I've made a career out of finding ways to create growth opportunities, turn troubled companies around, balance budgets and protect American jobs,» added the Watertown businessman.

Governor Cuomo has suggested that it's not Albany, NY's job to bail Cities out, but instead he'll encourage those Cities with shrinking tax bases, to make the necessary decisions to achieve a balanced budget and the foundation for future growth in the coming years.

Budget officials say state - related debt has been cut by $ 2.9 billion since Gov. Andrew Cuomo took office, down to $ 52.7 billion, with the sixth straight balanced budget proposal while limiting spending growth to two peBudget officials say state - related debt has been cut by $ 2.9 billion since Gov. Andrew Cuomo took office, down to $ 52.7 billion, with the sixth straight balanced budget proposal while limiting spending growth to two pebudget proposal while limiting spending growth to two percent.

Finally, the Citizens Budget Commission said the New York Power Authority, a favorite budget - balancing source for governors across party lines over the years, would again help Cuomo keep his state - funded portion of the budget below a 2 percent annual growthBudget Commission said the New York Power Authority, a favorite budget - balancing source for governors across party lines over the years, would again help Cuomo keep his state - funded portion of the budget below a 2 percent annual growthbudget - balancing source for governors across party lines over the years, would again help Cuomo keep his state - funded portion of the budget below a 2 percent annual growthbudget below a 2 percent annual growth rate.

While slower revenue growth has the potential to make the task of balancing the budget more difficult, my administration will continue to make the tough, fiscally responsible choices to make government more efficient, while still making critical investments in county services.

«It has been a big contributor to the growth in government expenditure, which of course comes at the same time as we've had troubles getting the budget back to balance,» he said.

In fact, spending growth has been much slower under Obama than it was under Republican George W. Bush or the budget - balancing Bill Clinton (who famously proclaimed «the era of big government is over»).

In the past, other words and phrases, equally abstracted from daily life, have served a similar purpose: balanced budgets, increased efficiency, fostering economic growth.

Moreover, the bond market has bought into the fact that there will be a balanced budget by 2002, and the Fed has shown a real willingness to encourage growth by maintaining lower short - term rates.