For US -- reduction in deficits through depreciation and global growth.
The twin deficits have again moved into a crucial phase and the local currency is under pressure.
Or President Obama's plan? A balanced approach, $4 trillion in deficit reduction, millionaires pay a little more.
The surplus could have been achieved without leaving some of the most disadvantaged families and their children in deficit.
Having understood the practical difficulties in deficit cuts German Chancellor Angela Merkel had purportedly taken a soft stand on austerity.
Section 11 Congress must balance every budget and not engage in deficit spending, unless there is a national emergency deemed by the president.
It does not give a realistic or fair assessment of deficits and their sources.
Even Republicans have been highly critical of deficit spending and bailouts during the Bush-Cheney years.
Posted by: Rick McDaniel February 28, 2012, 3:09 pm 3:09 pm Posted by: Outside Observer February 28, 2012, 2:55 pm 2:55 pm A fan of deficit spending, eh? Good.
The answer to deficits is higher taxation.
That, however, would have required some sort of sensitivity to deficits.
Officially, the congressional Joint Select Committee on Deficit Reduction, also known as the super committee, has until Nov.
He says the following in response to the quoted section above: It's a good story: Europeans dithered on deficits, and that led to crisis.
According to Crowley, the UK is already going awry on deficit cutbacks by refusing to put everything on the table like the Canadians did, such as the NHS.
The results? Gross over spending, deficit after deficit, huge debt to China, and a massive economic collapse.
The economic numbers are being goosed by deficit spending that now totals a trillion dollars every year -- an amount no economist thinks is sustainable.