As Mr Darling says: "He can't have it both ways").Yet in his speech this morning, Mr Balls signalled that he views the whole business of deficit reduction from the other end of the telescope.
You mean, other than refusing to darken the door of the establishment again — or writing a letter to the owners that their mâitre d'hôtel suffers from B.S.D.D. (business sense deficit disorder)?
David Cameron, the prime minister, this morning gave a pre-budget speech all about infrastructure, in which he set out a cheering vision of the fine things that Britain was planning to build, even while plodding along with the vital but gloomy business of deficit reduction.
But now a majority of Obama's big business loaded deficit commission wants to cut both.
The government isn't crowding out business – its deficits are providing vital demand to make it profitable.
Instead, fiscal discipline contributed greatly to lower interest rates and, very, very importantly, restoration of confidence by consumers and business after deficits had come to symbolize a much broader set of concerns about our ability to manage our affairs.
The Anglo-Dutch media giant, which provides a similar service, is keen to expand the business in America.The deficit shrinksAmerica's trade deficit narrowed in May for the first time in six months, to $46 billion after hitting a record $48.1 billion in April.
Cut taxes on business, reduce the deficit, abandon that silly old health care reform -- he's truly mastered the basics of Republican policy.
I want to applaud Leonard Silk's clear exposition ("Economic Scene: Dangers of U.S. Trade Deficit," Business Day, Oct. 8) of the relation of the Federal budget deficit and the inflow of foreign savings to our international trade deficit.
He talked about the "need for big change that meant strong leadership" and argued that he was dealing with the most difficult issues from the outset: the deficit, business, welfare, immigration and Europe.
