This country elected a mentally challenged George Bush not once, but twice who
increased debt spending over 5 Trillion and oversaw the collapse of the banks.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced
increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24)
spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates
increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Just as alarming is that interest on this
debt is
increasing at an annual rate of 5 %, outpacing
spending increases on every other budget item.
Our goal was to come up with
spending cuts and revenue
increases that would keep the ratio of
debt to GDP at or below where it was at the end of 2017, at 76 %.
While
increasing debt means more
spending, which is good for the U.S. economy, it also puts more Americans at risk of insolvency.
As economic satisfaction
increases, «consumers are more comfortable
spending and confident they can manage any new
debt,» said Rod Griffin, Experian's director of public education.
Because Congress has refused to either raise taxes or cut other
spending to pay for the war, the necessary borrowing has substantially raised the budget deficit and
increased the national
debt.
The accord not only greatly
increases discretionary
spending over the next two years, it lifts the baseline for future outlays by double - digits, putting deficits and
debt on a far steeper trajectory.
Similarly, after a period of stimulus
spending that
increased spending and
debt, the government is moving its
spending back to traditional levels.
Republicans are demanding
spending cuts to reduce the budget deficit as the price for supporting an
increase in the
debt ceiling.
But he did say he subscribed to the so - called «Boehner rule» that demands one dollar in
spending cuts for every dollar
increase in the
debt ceiling.
This is because the province has accumulated a large public
debt that given the prospects for an economic slowdown and / or rising interest rates will potentially
increase fiscal pressure via
debt service costs which in 2016 - 17 totaled $ 11.7 billion or just over 8 percent of total government
spending.
As Scotiabank mentioned in a note last week: «Higher interest rates are going to make the burden of refinancing the
debt considerably heavier, and as more money goes into servicing the
debt, it means less money is available to
spend on other things, which could lead to less infrastructure
spending and
increased austerity.»
I think that exploiting this hurricane of people who lost their house — houses to allow business as usual in Washington of getting an 18 month
increase to our nation's
debt limit passed, of continuing to
spend money that we can't afford, that we don't have, makes absolutely no sense.
Further, according to BofA - Merrill's analyst team at a midyear press conference on Wednesday in New York, any positive budgetary effect of the tax
increases would be overshadowed by the growing burden of the U.S.
debt ceiling as
spending and hiring decisions are put on hold and the election heightens partisanship.
The decision about how to adjust the discount rate depends on whether investors believe that additional infrastructure
spending will
increase the country's potential growth rate, or instead that it will simply
increase economic activity at the expense of higher
debt.
It is that «U.S. policymakers will prevent the drastic automatic tax
increases and
spending cutbacks (the fiscal cliff) implied by existing budget law, raise the federal
debt ceiling in a timely manner, and make good progress toward a comprehensive plan to restore fiscal sustainability.»
Monetarists recognized that in order to reduce taxes (without
increasing the public
debt), it was necessary to cut back public
spending proportionally.
The committees of jurisdiction would produce policies to achieve mandatory offsets that could accompany an
increase in discretionary
spending limits and the
debt limit.
The ratings agency Moody's maintained the US's top - notch «Aaa» credit rating Thursday, saying, «The diversity, dynamism, and competitiveness of the US economy, along with the US dollar's status as the preeminent international reserve currency and very large size and depth of the US Treasury market, offset rising fiscal pressures stemming from aging - related entitlement
spending, higher
debt - service payments, and recent policy actions that will likely reduce future revenues and
increase expenditures.»
Under the Canada Economic Action Plan the deficit will be eliminated by 2015 - 16; although total net public
debt will have
increased by $ 150 billion, the
debt ratio will have declined to 33.0 per cent in 2015 - 16 and reach the government's target of 25 percent by 2019 - 20; program
spending will fall to below 13 percent of GDP and will continue to fall thereafter; public sector jobs have been eliminated; and income and corporate taxes have been cut.
The second is simply to
increase balance - sheet
debt without necessarily
spending on current output.
So government
debt is
increased by giveaways to the banks, not by
spending into the «real» economy.
In terms of
debt management, the committee was satisfied that the
increased spending is being reasonably matched with economic growth, such that the important
debt - to - GDP ratio remains stable through the projected years.
«Our committee has been focused on seeing the government return to pre-2009 / 10
debt - to - GDP levels, not
increasing taxes for businesses, and controlling
spending,» said George Kondopulos, Tax Partner at KPMG LLP and volunteer Chair of The Vancouver Board of Trade's Government Budget and Finance Committee.
The publication of these projections comes at a time when lawmakers in Congress are debating whether tax cuts and some
spending increases should be added to the
debt rather than paid for.
Since 2001 the silver and gold markets have gone up substantially as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive
increases in military
spending, weakening global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing currencies that weaken the dollar's trading status, excessive
debts in Europe, Japan, the United Kingdom, and the United States, and so much more.
For example, if Congress extends tax provisions that expired at the end of last year or will expire in the future and enacts an unpaid - for repeal of the automatic
spending reductions known as the sequester, ten - year deficits would
increase by $ 1.7 trillion (from $ 10.1 trillion to $ 11.8 trillion) and result in
debt in 2027 reaching 97 percent of GDP (instead of 91 percent).
Debt financed consumer
spending was adding to inflationary expectations even before the $ 1.5 trillion Trump Tax Cut and plans to
increase spending.
«That sends all the wrong message: «Let's go ahead and
increase the
debt ceiling, and by the way, while we're doing it let's go ahead and
spend another $ 15, $ 20 billion?»
Netflix's plan to
spend $ 8 billion on 700 pieces of original content this year is drastically
increasing its negative cash flow and
debt load, worrying analysts.
The legislation enforces limits on discretionary
spending until 2021, establishes a procedure to
increase the
debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing
spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.
The country's fiscal
spending, according to the Congressional Budget Office, may
increase the national
debt as a percent of GDP to a higher level than Italy in five years.
In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal anchor of balanced budgets to one of a fixed
debt - GDP ratio allows the federal government to
increase spending by 1.2 percentage points of GDP, or by about $ 25 billion.
Greek budgets include tax hikes and
spending cuts by more than $ 4.5 billion, a
debt increase to more than 200 percent of GDP, an economic contraction of 1.3 percent and a new rise in unemployment by almost one percentage point to 25.4 percent.
An
increase in take - home pay would help customers
increase spending or
debt repayments: all in all, it was «a clear net positive for Citi and its shareholders».
Tsipras is seeking to assuage the left flank of his party — some of whom want Greece to default on its
debt altogether — by focusing on tax
increases for companies and high - income individuals instead of
spending cuts.
Results from the poll indicate that the primary reason for
increased debt is higher overall
spending.
However, looking to the US, he predicted that President Trump's promise of an
increase in
spending and a reduction in taxes would lead to a surge in borrowing and an
increase in government
debt.
Out - of - control
spending has
increased the US
debt to over $ 20 trillion with the US paying $ 73.9 million to China every day just to cover interest on
debt owed.
It would «send the wrong message» to add $ 15 to $ 20 billion of
spending while
increasing the
debt ceiling, Meadows added.
There were several possible catalysts suggested for this spike in concerns about a favorable outcome of the
debt ceiling negotiation, which has to be concluded ahead of the Treasury's X Date, now expected as early as October 1: some cited Steven Mnuchin's interview on CNBC, in which the Treasury Secretary said that the additional
spending needed to help Texas recover from Hurricane Harvey may reduce the amount of time Congress has to
increase the federal
debt limit; another possibility was month - end liquidity needs and relative positioning across the curve.
Fixing our
debt will now require reversing the harm that has already been done with tax cuts and
spending increases, in addition to confronting the rising costs of Social Security and Medicare with
spending changes and / or additional revenue.
If the professors Gordon are right, the only way to return to a stable
debt - to - GDP ratio for Canada is to focus on the top part of the ratio — attack the deficit through
spending cuts or tax
increases.
So long as
spending continues to outpace revenues, Illinois will be faced with two options:
increase taxes today, or take on even more
debt, which means raising taxes in the future.
Similarly, revolvers in general must
spend less just to hold their
debt constant due to
increased interest charges.
Politicians and central bankers will manage the crisis of 2016 - 2017 as they have most other crises (such as 1987, 1998, 2000, 2008) by
increasing spending, addressing an excess
debt problem with even more
debt, and pumping more «funny money» into the global financial system.
If both parties in Congress can not agree on
debt reduction plans in the next few months, automatic tax
increases and
spending cuts will kick.
In addition,
spending plans over the next three years (before the February 2018 full budget modifies them further) sees B.C.'s taxpayer - supported
debt increase by over 17 %, and our
debt - to - revenue ratio
increase from 82 % to 93 %.
In addition, a growing number of commentators, including senior representatives of some institutional investors, have expressed concern about the impact of hedge fund activism, and associated
increased debt and cuts in capital
spending, on long - term corporate health, innovation, job creation and GDP growth.»