Deficits
in sentence
2171 examples of Deficits in a sentence
Given that the effort is being led by hard-right Republicans who care more about cutting taxes than holding down deficits, my bet is on the latter outcome – the one Feldstein warned about in the early 1980s.
The arithmetic of global trade implies that the sum of all trade
deficits
equals the sum of all trade surpluses.
If some countries, say, Japan and China, insist on running huge surpluses year after year, then other countries must run
deficits.
The
deficits
are as much the fault of the surplus countries as they are of the deficit countries.
Now, trade
deficits
are like hot potatoes.
Uncertainty about whether these
deficits
can be financed is one reason why the world economy, under current arrangements, faced a succession of crises in recent years.
Equally, universalized Greco-Latin
deficits
would turn Europe into a basket case.
With government
deficits
the norm, that appears unlikely.
For starters, Trump and congressional Republicans have pursued a massive pro-cyclical fiscal expansion, producing virtually unprecedented peacetime budget
deficits
in the absence of a recession.
Romney’s fiscal plan thus reduces
deficits
sufficiently to decrease the debt-to-GDP ratio.
Obama, by contrast, would run larger
deficits
– his spending increase is much larger than his tax increase – which imply large tax hikes in the future.
Obama has remained silent about reform of Medicare and Social Security, whose long-run
deficits
are several times the national debt.
The Obama policy would thus lead to ever-higher
deficits
and debt ratios well over 100% of GDP, a level that numerous studies imply would reduce US economic growth by one-third or more and might induce a sovereign-debt crisis.
With larger
deficits
under Obama than under Romney, America would need more capital from Europe, Latin America, and Asia, while higher taxes and debt would impede US growth and thus undermine these regions’ exports.
Countries like Spain, Greece, and Ireland developed real-estate bubbles, grew faster, and developed trade
deficits
with the rest of the eurozone, while Germany – weighed down by the costs of reunification – reined in its labor costs, became more competitive and developed a chronic trade surplus.
While staff sometimes pointed to booming credit, gaping current-account deficits, or stagnant productivity, they downplayed the implications.
The Middle East’s Oil-Price ProblemCAMBRIDGE – Between 2014 and 2016, Middle Eastern oil-exporting countries’ revenues fell by an average of more than one-third – or 15% of GDP – and their current-account surpluses have swung violently to double-digit
deficits.
Already the US is facing huge fiscal
deficits
and a squeeze on popular programs, even before the costs of war and its aftermath are taken into account.
Although the capital stock will benefit from a higher household saving rate, the increase will be offset by more government “dissaving” as budget
deficits
remain high.
The government should take the weak ten-year projection as a warning and a reason to devote policies to reducing fiscal
deficits
and strengthening incentives for growth.
Policies aimed at “solving” trade
deficits
will always fail.
Moreover, if it were true, it would follow that tax cuts would reduce budget deficits, because faster economic growth would generate higher revenues, even at lower tax rates.
This proposition has been tested several times in the US, where tax cuts were invariably followed by higher
deficits.
Moreover, it is highly unlikely that Italy, for example, would pay a lower risk premium if it ran larger
deficits.
Then there is America’s huge fiscal and trade deficits, which not only jeopardize the well-being of future American generations, but represent a drag on the current US economy.
His promises include partial privatization of social security and making his earlier tax cuts permanent, which, if adopted, will send the
deficits
soaring to record levels.
Perhaps Italy’s success will help to convince Spain to adopt the tough measures that reduce projected future
deficits
without more current austerity.
Moreover, even under this optimistic scenario, the problem of the current-account
deficits
of Italy, Spain, and the other peripheral countries will remain.
Italy, Spain, and France all have current-account
deficits
equal to 2% or more of their GDP.
As they come out of their cyclical recessions, incomes will rise, leading to increased imports and even larger current-account
deficits.
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