Even worse, Reed advocates a default on the debt ceiling in a few weeks, which would cause
major damage to our economy while threatening delivery of Social Security checks, Medicare payments and Veterans benefits.
Not exact matches
The reprieve will come as a relief
to major American allies that were bracing for
damage to their
economy from lower sales of metals into the United States.
«
Damage from a
major dike failure could be in the tens of billions of dollars, with very serious effects
to the
economy of this region, British Columbia and all of Canada due
to the impact on the transportation of goods and services,» said Pitcairn.
«The economic potential from the Marcellus Shale could provide a badly needed boost
to the
economy of the Southern Tier and even many environmentalists agree we want
to produce more domestic natural gas that reduces the need for environmentally
damaging fuel sources such as coal,» his campaign statement said, while adding, «Existing watersheds are sacrosanct, and Andrew Cuomo would not support any drilling that would threaten the state's
major sources of drinking water.»
59 % of people agreed that Labour had «seriously lost touch with ordinary working people» (including 30 % of Labour's own supporters), 70 % that «Labour need
to make
major changes
to their policies and beliefs
to be fit for government again» (including 50 % of Labour voters), 61 % agreed that «Labour still haven't faced up
to the
damage they did
to the British
economy» and 50 % agreed that «If Labour returned
to government they would put the country into even more debt».
It is no surprise
to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that although the global
economy has strengthened, uncertainty continues and is
damaging business confidence and dampening investment in Canada's
major trading partners.
Given that nearly all the
major US coal companies are now bankrupt, and that coal - fired electricity is declining rapidly, I'd have expected a lot of «wrecking ball» pieces on the supposed
damage to the
economy (in reality, the effects are small and mostly offset by the expansion of renewables) now that mitigation policies of various kinds are taking effect.
And when your
major competitors have no intention of implementing any policy that will slow the growth of their economeies and raising the prosperity of their society
to the level we currently enjoy, all you will do is
damage the foundations of our
economy and move industry and resource development offshore.