Not exact matches
In his first
term, Bush won passage of tax cuts that helped swing the
federal budget from surpluses to
deficits.
Even when announcing in November that the
federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012
budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced
budgets over the medium
term.»
Canada's economy will not fully recover until 2013 and the
federal government will carry a structural budgetary
deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary
budget officer said on Monday... «PBO calculations continue to suggest that the
budget is not structurally balanced over the medium
term,» the report said.
The
federal government is not confronted with a short -
term fiscal crisis but it is facing a stubborn medium -
term structural
deficit that will prevent you from balancing the
budget by 2015 - 16, without new expenditure cuts and / or tax increases.
Ryan's advocacy for cutting taxes and trimming the
deficit — he is the architect of the GOP's proposed
federal budget — married with his willingness to talk about fiscal belt - tightening in moral
terms and his low - key social conservatism speak to a political moment in which the economic concerns of the Tea Party and the social focus of the Christian right have merged into a relatively cohesive anti-Obama movement.
These include: For decades now, year - on - year
federal budget deficits have resulted in an out - of - control
federal debt load, which represents a clear and substantial danger to current and long -
term viability and stability of our Republic.
For decades now, year - on - year
federal budget deficits have resulted in an out - of - control
federal debt load, which represents a clear and substantial danger to current and long -
term viability and stability of our Republic.
The reduction, required by the failure of policymakers to abide by the
terms of a 2011 law designed to reduce the
federal deficit over the next decade, reduced the lab's
budget this year by $ 100 million, to $ 1.5 billion.
Overall, the
budget released by Prime Minister Tony Abbott's conservative government, elected this past September, is aimed at slashing the
federal government's long -
term spending
deficits.
Despite concerns about the negative long -
term effects of
federal stimulus efforts - including the impact they will have on the country's huge
budget deficit - the U.S. government continues to take action to help spur the economy.