Economics textbooks will tell you that hiking taxes and implementing draconian spending cuts will lead to government's
running smaller deficits.
I'm pretty sure that
running a small deficit would be acceptable, and I wonder if the minority owners can stretch out the losses over the years, rather than having to swallow the hit.
Even with the modest production of hybrids and turbines today the world is already
running a small deficit of RE production relative to consumption.
Not exact matches
For example, Ontario
runs a very large trade
deficit with China and a
smaller one, though still sizeable, with Mexico.
Unfortunately, most Canadians seem to have drunk the conservative fiscal «grape juice» that all
deficits and debt are bad and that any government that would
run a
deficit, no matter how
small, is not a government to be trusted with managing the country's finances.
The budget makes it very clear that the government is rejecting an «austerity» fiscal strategy and instead is prepared do
run relatively
small deficits (1/2 of 1 % of GDP), resulting from investments in both physical and human capital.
Previous ads
run in the primary also highlighted Faso's fiscal record of cutting taxes and closing budget
deficits and outline his key reform principles to help
small businesses, notably simplifying the tax code, ending corporate welfare, investing in
small businesses and ending Washington's regulatory madness.
Umunna, asked about the pre-crash structural
deficit, said: «We should not have been
running a
small and historically unremarkable
deficit.»
Ms Creagh said Labour had built up «economic credibility» over its time in office, but should not have been
running even a
small deficit.