Word: deficits
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Dates: during 1990-1999
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...Treasury debt than any other nation (more than $300 billion), a sell-off would cause U.S. interest rates to climb, which would bludgeon stock prices and endanger America's economic expansion. The yen could plunge in value. Cheaper Japanese products could flood the markets and worsen the U.S. trade deficit. A trade war could result with America's third largest trading partner...
...across the land, the people had jobs, and worked hard at them, and fed their children, whose faces were all alight and still ruddy from their day at play. And the politicians saw this, and watched the deficit shrinking, and they smiled too, and proffered friendship to each other...
...times of great prosperity we have quietly increased the debt as a percentage of the GDP. And every year we dramatically understate the yearly deficit by offsetting the real deficit with money borrowed from some 150 federal trust funds (such as the Social Security Trust Fund). The total of the published annual deficits for the last 10 years is approximately $ 1 trillion, but the actual federal debt has increased over $4 trillion. In other words, the yearly deficit is not the real amount we add to the debt for that year--it is considerably understated. My generation has been lying...
...have enriched our own political careers by voting for a myriad of programs that we didn't pay for. We get the political benefit, you get the bill. Great deal for me, terrible deal for you. Sure the deficit is down this year, but watch it grow dramatically as the baby boomers retire...
...accepting the money, South Korea agreed to stringent IMF conditions. The 1998 growth rate must be cut to 3 percent; inflation must be kept below 5 percent; and the current-account deficit must be slashed to within 1 percent of GDP. There's precious little sugar with this medicine ? Seoul must maintain flexible monetary policies and allow temporary hikes in interest rates, says the IMF. A final bitter blow is that foreign investors will be allowed to increase their shareholdings in Korean companies to 50 percent this year ? up from the 26 percent limit currently allowed by the government...