Sentences with phrase «massive budget deficits»

With massive budget deficits at the federal and provincial levels, justice budgets are likely to be on the chopping block.

Gov. Paterson to take over and grapple with massive budget deficits.

Ms. Carpenter, a Republican, has also argued that consolidating the positions would rob the county of necessary checks and balances when it comes to fiscal matters — although, last we looked, those checks and balances haven't worked so well in recent years in Suffolk County, which faces massive budget deficits.

Both governors set about to closing massive budget deficits, with Malloy often reacting negatively to comparisons to Cuomo's efforts in New York, which reportedly culminated with a call from Cuomo's top aide telling Malloy's office: «We operate on two speeds here: Get along, and kill.»

These large Rust - Belt metropolitan areas are collapsing under the weight massive budget deficits and catastrophically underfunded public employee pension funds.

With inflationary pressures and massive budget deficits having become the topic du jour this year, the bond - market «vigilantes» term has made its way back onto trading floors.

The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.

And, of course, a massive budget deficit because of a lack of alternative sources of revenue: Moody's noted that the country's gross borrowing requirements through 2019 will average 17 % of GDP, because much of the debt it issued during the boom times is falling due in the next two years.

All it has to do is stop showing up at the U.S. Treasury auction, and Washington's massive budget deficit will do the rest.

California is just now starting to recover from a massive budget deficit that forced new taxes, tax increases, and austerity measures to make up the shortfall and prevent a statewide government collapse.

In 2010 - 2011, the state, facing a massive budget deficit, began cutting aid in amounts that eventually totaled $ 2.7 billion from districts across the state.

He acknowledged the system's massive budget deficit and said there might need to be hospital restructuring and managerial layoffs, adding that the hospitals will need to «get creative» in order to survive.

Then, they socialised the costs of the crash though a massive budget deficit, the biggest of any major economy.

Not exact matches

While last week's budget vote cleared the way to begin the tax reform effort, 20 Republicans voted against it, citing issues with the elimination of state and local tax deductions and a massive expansion of the federal deficit.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

The massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional fiscal stimulus to tools that policymakers invented on the fly — dramatically reduced the severity and length of the meltdown that began in 2008; its effects on jobs, unemployment, and budget deficits; and its lasting impact on today's economy.

Today, however, those taxes have been cut, along with dividend taxes and the massive federal deficit has begun to wreak havoc on the states» budgets.

Despite all the bashing China takes in Congress, it's big bad China that finances Washington's massive one trillion dollar plus budget deficit.

But they used massive tax hikes to do it — a 32 % increase in state income taxes and 33 % increase in state corporate taxes — and still Illinois» new budget generates only $ 5 billion, not nearly enough to cover its $ 15 billion deficit.

America's massive «military» budgets, still on the rise, are beginning to threaten the U.S. with bankruptcy, given that its trade and fiscal deficits already easily make it the world's largest net debtor nation.

Also, Spitzer didn't run on a message of fiscal restraint the way Cuomo did, and he didn't face the same massive budget hole to fill upon taking office, although there was — as there usually is — a structural deficit worth between $ 4.3 billion and $ 5 billion.

Anger is not a governing strategy, Bloomberg told reporters, as he strongly endorsed Cuomo as the right man to lead the state and grapple with its massive structural problems, legislative gridlock, gaping Medicaid costs and a yawning budget deficit in the double - digit billions.

«Every opportunity is being given for military personnel to retrain either for alternative roles in the armed forces or in civilian life, but the simple fact is we have to tackle the massive deficit we inherited from Labour and the huge black hole in the defence budget,» he explained.

«I voted against the last three budgets for the city of Albany because they contained massive structural deficits, which are similar to the one we will face next year, which will be over $ 20 million and I would like to avoid having decisions where we take our most vulnerable citizens and punish them through the budget process.»

The term is applied to funding that was cut throughout New York in 2009 - 10 and 2010 - 11 to help close a massive state budget deficit.

Its austerity policies inhibit growth and constantly pull down aggregate demand, and when as a result the budget deficit grows instead of falls, that is used as a pretext for another massive round of cuts (another # 9.8 bn in this year alone).

«Five years ago, New York faced daunting challenges — a lagging economy, massive job losses, yawning budget deficits and a state government mired in gridlock,» Cuomo began, in what was widely seen as implicit criticism of his two Democratic predecessors, Govs. David Paterson and Eliot Spitzer.

Several congressional Republicans are panning the emerging outlines of Trump's first budget, complaining that he's cutting too much from already lean department accounts while leaving untouched the massive benefit programs blamed for the nation's deficits.

Governor Cuomo's second legislative session was far less dramatic than his first legislative session in 2011, when he convinced the legislature to authorize same sex marriage, instate a 2 % property tax cap, and close a massive $ 10 billion dollar budget deficit.

Cuomo's second legislative session was far less dramatic than his first legislative session in 2011, when he convinced the legislature to authorize same sex marriage, instate a two percent property tax cap, and close a massive $ 10 billion budget deficit.

Governor Cuomo's second legislative session was far less dramatic than his first legislative session in 2011, when he convinced the legislature to authorize same sex marriage, instate a 2 % property tax cap, and close a massive $ 10 billion budget deficit.

From the bigger perspective of the overall city budget, Minority Leader Willie Pabon praised Stewart for making progress despite inheriting a massive deficit and a council with more than a few political adversaries.

But what is so absurd about these flights of wishful thinking is that there is not a single word about the real lessons which Labour needs to learn — the need for radical banking reform, the need for a massive revival of British manufacturing (when this year the UK deficit on traded goods is likely to exceed the entire UK budget deficit), the need to take back public control of the NHS and education system, the need for a jobs and growth strategy rather than a programme of endless cuts, the need for an effective anti-poverty strategy and a huge reduction in inequality.

This is all while driving up the deficit to pay for massive military budget increases we don't need.

Here's how we got to this crazy place: First, California's enormous budget deficit sent the state's credit rating into a death spiral and prompted massive cuts to a vast array of state - funded enterprises, including UC.

Malloy's next step will be to raid the state's Rainy Day Fund to balance this year's budget, or worse, he will put the massive deficit on the state's credit card thereby dumping even more debt on the backs of Connecticut's overly burdened middle class.

The State Board of Education approved Perry's plan despite the fact that there is no money in the budget for any more privately run, but publically funded charter schools and the state of Connecticut is facing a massive deficit.

In 2011, with the state of Connecticut facing growing budget deficits, Gov. Dan Malloy turned to state employees and demanded the workers come up with $ 2 billion in savings or face massive layoffs.

In PA we only need to look to 2011 to see how anti-public education lawmakers can create and exploit budget deficits to justify massive cuts in public school funding.

Faced with a billion dollar budget deficit, Chicago's public school system is the most recent urban district to announce a massive closure of schools.

The vote was unanimous, with absolutely no discussion of how to make existing charter schools accountable for their activities or the fact that Connecticut's public schools are underfunded and additional funding will not be forthcoming anytime soon since Malloy's fiscal strategies have left the state facing a large budget deficit this year and a massive $ 1.4 billion budget shortfall next year.

However, despite that opposition from the local officials responsible for education policy and despite the fact that Connecticut doesn't even fund its existing public schools adequately and the fact that the State of Connecticut is facing a massive $ 1.4 billion projected budget deficit next year, Governor Malloy's former Commissioner of Education, Stefan Pryor, and Malloy's political appointees on the State Board of Education approved four new charter school proposals last spring.

Despite a massive school budget deficit, in which Vallas was forced to lay - off teachers and other school personnel, it was announced that Bridgeport was able to come up with the money needed to pay for another round of expensive standardized testing.

Republicans are getting hit hard for increasing taxes on the Middle Class, reducing taxes for billionaires like Trump, being unable to show how any of this will support jobs growth as claimed, and basically pledging to blow another massive hole in the budget leading to further and worsening deficits.