Sentences with phrase «huge federal budget deficit»
«The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent,» he said.
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«The large 2001 Bush tax cuts, for example, fueled income inequality while triggering huge federal budget deficits.
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Moreover, the federal government's huge budget deficit and other pressing priorities — including the Iraq war, homeland security, tax changes, and Social Security — could take a big bite...
He then argues that unless the federal government is very careful, the forces and factors that led to these distressing spending patterns — like huge state budget deficits, local resistance to federal education guidance, and interest group focus on jobs — could similarly influence the Race to the Top, compromising its ultimate impact.
There are huge budget deficits in the federal government.
Despite concerns about the negative long - term effects of federal stimulus efforts - including the impact they will have on the country's huge budget deficit - the U.S. government continues to take action to help spur the economy.
Because of the huge budget deficits the federal government assumed to stimulate the economy — now almost $ 1.5 trillion, up from $ 500 billion in 2008 — inflation can be expected to rear its head at some point, Yun says.