Word: growth
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...budget woes in the coming year, it's a movement that, if successful, could make it tougher on states to raise revenues. And yet, with the Georgia general assembly about to start its session next week, Lindsey says he hopes both houses will quickly pass his bill to cap growth in assessments...
...have had very solid growth this year," says Thomas Brown, vice president of financial services at LexisNexis, who also helps run RiskView, a service that uses such public filings as court records and property deeds to assess credit risk. "Our data [are] being seen as useful by a wider variety of lenders...
...cuts have the advantage, though, that they can be put in place quickly. There's also the more ideological, if still possibly valid, argument that they don't encourage the growth of bureaucracy. And recent empirical research - some of it by Christina Romer, the University of California, Berkeley, economist who will be chairwoman of Obama's Council of Economic Advisers - indicates that tax cuts have been quite effective as stimulus in the past. All of which helps explain why 40% of the Obama stimulus consists of tax reductions...
...faced similar dilemmas and took a different course. While Americans rejected new taxes and new domestic programs, Europeans elected governments that introduced higher taxation, mainly value-added taxes, to cover the rising costs of health care, education, infrastructure, poverty relief and international-development aid. Ultimately, the Europeans restrained excessive growth in the welfare state in order to maintain global competitiveness and rebalance their economies and succeeded in sustaining the public-private partnerships and welfare-state benefits...
...result of a collision of events. "It really has been a combination of things that have created the monstrosity that we are now in," says Barbara O'Connor, director of the Institute for the Study of Politics and Media at Sacramento State University. She cites inflation, population growth and mandates (like Proposition 13, which placed a limit on state property-rate taxes that resulted in restrictions on tax increases) as having a snowball effect over the course of 30 years. Add these to California's extremely high home-foreclosure rate and a global recession (approximately 1 in 4 jobs...