To try to cope with these imbalances, on March 16, 2006, Congress raised
the national debt limit from $ 8.2 trillion to $ 8.96 trillion.
Not exact matches
«A large
debt also can compromise a country's
national security by constraining military spending in times of international crisis or by
limiting its ability to prepare for such a crisis.»
Washington and the nation are staring down an Aug. 2 deadline to raise the
debt limit or face
national default.
The amount of
debt that is projected under the extended baseline would reduce
national saving and income in the long term; increase the government's interest costs, putting more pressure on the rest of the budget;
limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high interest rates.
The IMF said that even if Greece is offered generous terms, it is still likely to require a reduction in
debt of around 30 % of
national income to bring it down to 117 % of GDP, the uppermost
limit of what the fund considered sustainable at the time of the second Greek bailout in the autumn of 2012.
This perspective unmistakably reveals the unwholesomeness, not to put it more strongly, of our way of life: our obsession with sex, violence, and the pornography of «making it;» our addictive dependence on drugs, «entertainment,» and the evening news; our impatience with anything that
limits our sovereign freedom of choice, especially with the constraints of marital and familial ties; our preference for «nonbinding commitments;» our third - rate educational system; our third - rate morality; our refusal to draw a distinction between right and wrong, lest we «impose» their morality on us; our reluctance to judge or be judged; our indifference to the needs of future generations, as evidence by our willingness to saddle them with a huge
national debt, an overgrown arsenal of destruction, and a deteriorating environment; our unsated assumption, which underlies so much of the propaganda for unlimited abortion, that only those children born for success ought to be allowed to be born at all.
The drug lords have also bought
limited public acceptance by sponsoring the
national soccer league, diversifying into legitimate businesses, supporting charities and offering to pay off the government's $ 10 billion external
debt.
Fully funded with Murray Goulburn having secured
debt facilities from its existing financiers
National Australia Bank
Limited (NAB), Australia and New Zealand Banking Group
Limited (ANZ) and Westpac Banking Corporation (WBC).
Why is the
national debt an off
limits topic?
«Strong, conservative fiscal policies of cutting spending and
limiting our
debt have created a strong financial foundation that allows us to invest in our community and grow our tax base,» said Oneida County Executive Anthony J. Picente Jr. «The three
national credit agencies have once again confirmed our conservative approach by maintaining our stellar credit ratings.»
Yet the continuing
limits on discretionary spending, (which are intended, paradoxically, to serve the very worthwhile purpose of protecting future generations against the burden of a growing
national debt) may well have the unintended effect of weakening U.S. science and technology and thus diminishing the prospects for those generations.
The spending
limits, they argue, will do little to rein in the
national debt because they don't apply to mandatory spending — but are doing real damage to the nation's security and ability to fund innovative science.
Zhou Jiangong, editor of the online publication, Chinastates.com, recently asked: «Why should China help the US to issue
debt without end in the belief that the
national credit of the US can expand without
limit?»
Although sovereign
debt will always involve default risk, lending money to a
national government in the country's own currency is referred to as a risk - free investment because with
limits, the
debt can be repaid by the borrowing government by raising their taxes, reducing spending, or simply printing more money.
In 1986, the
National Association of Student Financial Aid Administrators identified 8 percent of gross income as a
limit for excessive
debt burden.
Alan Simpson, a former Republican senator and veteran who co-chaired President Barack Obama's deficit committee in 2010, said government leaders working to
limit the
national debt should make sure that survivors of veterans need the money they are receiving.
A business owner may have several credit cards with a combined credit
limit of $ 75,000, but he or she may be unable to manage more than $ 25,000 worth of
debt, advises Gene Fairbrother, lead small business consultant at the
National Association for the Self - Employed.
Such factors include, but are not
limited to: the Company's ability to meet
debt service requirements, the availability and terms of financing, changes in the Company's credit rating, changes in market rates of interest and foreign exchange rates for foreign currencies, changes in value of investments in foreign entities, the ability to hedge interest rate risk, risks associated with the acquisition, development, expansion, leasing and management of properties, general risks related to retail real estate, the liquidity of real estate investments, environmental liabilities, international,
national, regional and local economic climates, changes in market rental rates, trends in the retail industry, relationships with anchor tenants, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks relating to joint venture properties, costs of common area maintenance, competitive market forces, risks related to international activities, insurance costs and coverage, terrorist activities, changes in economic and market conditions and maintenance of our status as a real estate investment trust.