Sentences with phrase «of austerity cuts»

«And the difference between a bonus and a raise is the raise has to be sustainable year over year, and we would not have been able to sustain a raise without the restoration of those austerity cuts.»

Deal added close to $ 167 million to the state budget, a restoration after years of austerity cuts.

Not exact matches

I, therefore, thought that the Netherland's finance minister — a country serving as the key enforcer of German austerity - at - all - cost (as long as the costs are not theirs) policies — showed an incredible chutzpah when he lectured the U.S. Congress last Friday that it would be a real tragedy (sic) if mandated spending cuts were to stifle American economic growth.

Austerity measures imposed earlier this year include $ 65 billion ($ 80 billion) in spending cuts and tax increases by the end of 2014.

To try and secure the deal, the government announced an austerity plan to raise taxes and slash US$ 20 billion in public spending — including cuts to social welfare and public jobs, and a lowering of the minimum wage.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

Thousands of Puerto Ricans are marching to protest pension cuts, school closures and slow hurricane recovery efforts as anger grows across the U.S. territory over looming austerity measures.

I mean, literally not only have they, as a population, been cut to no social safety net, no social security, yet the Syriza government keeps getting supported, elected in referendums, and they seem to be able to maintain power in spite of these austerity measures.

As well, Flaherty cut in half an Employment Insurance premium hike scheduled for Jan. 1, a move that will cost Ottawa $ 600 million a year, but will leave that cash in the pockets of workers and companies — a shift from deficit - shrinking austerity to stimulus.

Five years of failed austerity policies in Greece and a total breakdown in trust between the leftwing Syriza alliance and the political leaders of its creditors climaxed in a national vote in which Greeks said no to the spending cuts and tax increases demanded by its lenders...

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Polls indicate the Greek public is close to the breaking point after more than 20 months of harsh austerity cuts and tax hikes.

Local resident Marian Kamlish, 92, said: «In times of austerity, this vanity project is an insult to those in the NHS, in education, in the fire services and the police force, all suffering cuts while this rich man's railway sucks up our money.»

From outgoing Greek Prime Minister Papandreou's torpedoing of the G20 by his «bolt from the blue» referendum call, swiftly withdrawn under outraged pressure from the Merkel - Sarkozy tandem, to Italy's Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy himself introducing larger than expected «austerity» cuts despite the upcoming presidential election in 2012 — politics is back.

The government's austerity cuts have had a huge impact on the number of solicitors taking on legal aid cases, as Chana's experience testifies to.

Departments not protected by ringfencing will face total cuts of over 30 % since 2010 by the end of the coalition's eight - year austerity programme, the Institute for Fiscal Studies (IFS) said.

Meanwhile, the political and economic impacts of the EU, and especially the German, predilection for a strong anti-Keynesian approach to financial crisis is showing no sign of let up — austerity and more austerity resulting in a vicious downward spiral of lower demand leading to lower taxes and lower spending, lower growth and more cuts.

Assuming the coalition continues its austerity drive at the same pace as that seen in the period covered by the 2010 comprehensive spending review, all government departments will have to make cuts of 1.6 %.

After yesterday's harsh speech from George Osborne promising more austerity in the next parliament, Cameron made a series of pledges on income tax, housing and zero hours contracts to sweeten the pill of continued spending cuts.

The problem is that in the bleak landscape of austerity, where local councils have had their budgets halved since 2010 and are looking at losing another third of their funding over the next four years, a service which isn't even used by their own residents could start to look like an easy cut to make.

«It will be paid for by further years of austerity, public services brought to near collapse, public sector pay cuts and a welfare cap that bites into the safety net that any of us might need.

The public sector in the United Kingdom is undergoing the largest budgetary cuts since the Second World War, while all over Europe governments are imposing harsh austerity measures which may radically curtail the activities of the state.

Indeed, one justice minister admitted that the cuts were made urgently and without time for research, in fundamental contradiction to what international human rights law and standards require, which is a thorough assessment of the likely impact on people and their human rights prior to the introduction of retrogressive austerity measures.

(iv) the reversal of public sector cuts and austerity programmes which are putting at risk the lives of pupils and teachers.

Since 2010 mainly northern Labour - led councils have complained bitterly that they have been unfairly squeezed by austerity while southern Conservative - led councils have had nowhere near the same level of cuts imposed on them.

When Governor Cuomo faced a $ 10 billion budget deficit upon taking office in 2011, he pushed an austerity budget of cuts and caps to spending, taxes, and state workers, claiming, «I am a progressive who's broke.»

Nick Clegg has accused the former chancellor George Osborne of casually cutting the benefits of the poorest people in society because he believed taking the austerity axe to welfare would boost Conservative popularity.

In the UK, a Conservative — Liberal Democrat coalition government elected in 2010 began a strong austerity drive by halting and reviewing all major IT contracts, squeezing IT suppliers for costs reductions, cutting back consultancy and instituting stringent requirements for the launching of any new government IT innovations.

They have since U-turned on both the timing and the scale of the austerity measures; Cable claims he was persuaded of the case for deep and early cuts, «not by other politicians, but by talking to the most senior officials in the government and the central bank [who said] that we had to act».

Instead of scaring they need positive persuasion with something that appeals to their strong preferences for more devolution and against austerity cuts.

Voters accept the necessity for cuts to reduce the budget deficit, but Corbyn and his union backers made opposition to austerity a central plank of their campaign.

So essential thinking behind austerity is that you cut spending now to reduce (or at least control the rate of increase of) total debt and the associated interest payments.

With notable arrogance Djankov compared Bulgaria's budget to a small vegetarian pizza and sketched a course of fiscal austerity and welfare cuts.

The austerity cuts across Europe are taking hundreds of billions of euro out of the European economy, pushing the eurozone into its second recession since 2008.

A prolonged period of austerity would be disastrous for many women, having already borne the brunt of the recession and the public spending cuts that followed.

Commenting ahead of tomorrow's TUC march in London against the Government's cuts and austerity programme, Christine Blower General Secretary of the National Union of Teachers, the largest teachers» union, said: «This march will send a clear message to Government that their programme of austerity measures is not working.

A faction of the Republican Party is pushing austerity budgets, including cuts to social programs that are popular with the middle class, such as Social Security (government - funded retirement pension) and Medicare (government - funded retirement health insurance).

This is about the richest Tory front bench in living memory pledging to introduce an «age of austerity» — involving public spending cuts and pay freezes — from which their own estates will be conveniently exempt.

The recent indicators point to a slower pace of economic activity and the Tory government is about to embark on Austerity Mark II, in nominal terms exactly the same level of cuts and tax increases as the # 37 billion George Osborne announced in 2010.

Unsurprisingly, support for the Tories has diminished as they have made it clear — with Cameron's warning of «an age of austerity» and George Osborne's draconian cuts proposals — that they will ruthlessly carry out capitalism's demands for the working class to pay for the economic crisis.

He has indicated he favours a severe austerity programme; ending the indexation of salaries and benefits to inflation, cutting health and education spending and privatising state assets — policies would further weaken the economic situation.

Every interview with David Cameron and — especially — George Osborne, particularly on the economy, has to begin with the question: «If we're all in this together, and this is the age of austerity, why are you so wedded to a tax cut for the nation's richest estates?»

Ms Burrow also warned against the dangers of austerity: «Given a choice of economic policies, two - thirds of people support government action to invest in job creation to allow economies to grow and pay off debts compared with less than one in four who want debts paid off now by cutting back on government spending.»

George Osborne ratchets up severity of his austerity programme, with a promise to introduce # 25 billion of new cuts in the next parliament

Years of austerity, cuts and scrounger rhetoric have devastated provision.

A guest or host on RT might only be talking about austerity cuts in Britain, or inequality in the United States, and their remarks might be full of truth, goodness and beauty.

In this climate of austerity and the need for public sector cuts, when so many are worried about the possibility that nurses, teachers and other such essential workers will be forced out of work as government tightens its belt, it is worth noting that # 2.8 billion of taxpayers» money was spent on consultancy fees in 2005 - 06 alone.

There will be time enough to steer the heart of the party later but, for the moment, we must accept that our leftwards shift has failed and that we now urgently need to move forwards - because time is a luxury that those suffering under this government's dogma - driven policies of cuts and austerity simply can not afford.

First, enshrine tea party austerity as New York's governing economic theory, with tax cuts for the wealthy, spending cuts and corporate subsides of a kind that Paul Ryan would love.

Adam Fleming took the mood box to find out whether the public thought the age of austerity was worth it as the crisis in the eurozone rumbles on, government cuts are starting to bite, and the cost of living continues to go up.