Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Everyone knows how bad the U.S. budget deficit is. How it rolls like a tidal wave of red ink over the Administration and Congress, undermining the dollar, pushing up interest rates, shaking the international monetary system and threatening to put future generations of Americans in hock to foreigners forever. How, whenever moneymen gather, finance ministers moan, central bankers chide, and all stare in horrified fascination. How could America get itself into such a mess...
...international criticism or even attention. Perhaps insolvency resides in the eye of the beholder, for there can be no doubt about the numbers. Italian governments have been abusing their credit cards for 20 years, piling debt onto debt. Only once in the past dozen years has the annual budget deficit been less than 10% of GDP. By contrast, the worst U.S. ratio was 3.8% in 1983; last year it was only 1.8%. Moreover, most of Italy's debt is short to medium term, subject to volatile interest rates. A 1% rise in short-term rates costs the government 7 trillion...
...capital gains tax, and he did not rule out the possibility of signing legislation that combined his proposal with a Democratic version liberalizing individual retirement accounts. A few hours later, Senate leaders agreed on a plan to strip hundreds of specialinterest provisions from a $14.1 billion deficit-reduction bill, leaving the capital gains fight for the future...
Massachusetts' public higher education was declared in a state of financial emergency earlier this week by the Board of Regents of Higher Education. That followed a $35 million statewide cut ordered in the face of the state's $340 million deficit...
...capital-gains cut will undermine tax reform and ultimately boost the deficit, but Washington cannot say no to any kind of giveback. -- There is less than meets the eye to the rash of arms-control proposals. -- In Greenfield, Iowa, a newspaper marks its centennial and a rural community worries about its future...