Word: deficits
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Dates: during 2000-2009
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...demand remains sluggish, government spending has to take up the slack and keep at it. In Japan, a recovery was aborted in the late 1990s when, at the first sight of green shoots, the government raised taxes. President Barack Obama is committed to reducing this year's federal budget deficit of $1.3 trillion by half in four years. That's a laudable goal - as long as private-sector demand has picked up by then...
...anything can happen in this economic environment,” Wolf said, adding that the state’s $1.1 billion budget deficit is expanding. “Everything is up for grabs because we have such a serious condition...
...We’re okay this fiscal year, but without the projected revenue come next July, there’s just a huge deficit we will have trouble making up,” Pesaturo said...
...Connecticut independent Joe Lieberman is one of the so-called Gang of 15, a coalition of moderate Democratic Senators, says it's all about the message: everything should circle back to the perilous economy. "Like getting health-care costs under control is important to the economy, and getting the deficit down," he says. "Sustainable sources of energy at reasonable prices is also important to the economy. Dealing with the financial crisis is obviously important to the economy. So what needs to be done is, Obama's got to move on all these fronts but also integrate them back...
...money for the wars in Iraq and Afghanistan, an annual multibillion-dollar fix of the fees that Medicare pays physicians and Alternative Minimum Tax relief for the middle class. "At least the budget that the Obama Administration presented, even though it's huge and it's a huge deficit - and that enables the other team to beat up on it - the truth is that it's honest and truthful," says Representative John Tanner, a Tennessee Democrat and member of the so-called Blue Dog group of 47 fiscally conservative Dems in the House, six of whom voted against Obama...