Some even believe
rising public deficits choke off growth.
Not exact matches
When planning for the future, it's worth considering the following possible
public policy risks that could affect your clients» ability to save for retirement and the money they have available to spend in retirement: Will income tax rates
rise with current government
deficit spending?
«Indeed, it is one thing to respond to a record
deficit after a long period of
rising public spending, as we have since 2010.
-- Once recovery is assured, the elimination of the structural
deficit through a series of progressive tax
rises and cuts in wasteful
public spending
Their opposition to Coalition measures to reduce the
deficit, including the
rise in VAT and the freeze in
public spending.
Mr Osborne has given an interview to the FT (of which there is more inside the paper here) in which he asserts that Labour's projected 1.1 % annual increase in
public spending between 2011 and 2014 is «unsustainable» and that it will be spending cuts rather than tax
rises which account for reducing the the fiscal
deficit:
On the central economic issues, the Conservatives have secured their red - line commitment to cut # 6bn from
public spending this year, as well as a greater emphasis on
deficit reduction through spending cuts, as opposed to tax
rises.
According to the Economist, it is in a «comfortable» fiscal situation, «aided by a strongly growing economy will help to reduce the
deficit without tough
public spending cuts or tax
rises.»
Large
deficits today mean that the
public debt will
rise sharply as a percent of national income.
If the United States is ever to pay off its vast and
rising public debt, as well as the growing
deficits in its teacher pension accounts, it will have to fix not only the nation's schools but local ones, too.