«The large 2001 Bush tax cuts, for example, fueled income inequality while triggering
huge federal budget deficits.
«
The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent,» he said.
Not exact matches
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.