Word: deficits
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Dates: during 2010-2019
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Never mind about mortgaging the future. By running up a monster deficit as it struggles to keep the economy growing, the Obama Administration is setting the stage for sharply higher taxes down the road...
...little practice at coalition government in recent years. Its last attempt - more than 30 years ago - has done nothing to help sell the idea now. A hung Parliament could see a second election called in a matter of months. And all the while, Britain's $268 billion deficit goes unchecked. (Read: "David Cameron: UK's Next Leader...
...reasonable assumption, it's hardly foolproof. Prime Minister Gordon Brown has little credibility left when it comes to the economy following his stint as Britain's free-spending Finance Minister in the decade leading up to the financial crisis. And although the Conservatives have pledged immediate cuts to the deficit should they win, they're still light on detail. (See a Q&A with Gordon Brown...
Which makes the backdrop to the pound's latest dip - the massive public debt and deficit, and the potential threat to Britain's triple A investment rating - a far greater problem for the currency than anything else. The rest is small change...
...currently has an $80 million deficit, an improvement from the $110 million deficit Smith cited at the beginning of this academic year...