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By making borrowing, and hence deficits, cheap, ZIRP facilitates the political class's bipartisan strategy of delivering current benefits while deferring costs.
That decrease, interpreted as a sign of more efficient policing, translated into $407,000 in deferred costs for the city.
The 20percentt figure reflected Canada's current portion of North American automobile production.
Current Portion of Long-Term Debt.
There are systemic reasons why democratic governments frequently behave foolishly: Politicians' constant incentive is to confer current benefits on targeted beneficiaries and to defer costs (by running deficits).
This "deferred" cost was deemed worthwhile, however, for the opportunity to devote time and attention to other aspects of their lives.
The source said: "This is deferring costs, not getting rid of them".
Senior investment bankers at Credit Suisse in 2009 received a portion of their deferred compensation in securities backed by around $5 billion of the firm's illiquid assets.
Under current regulations, developers pay a portion of the costs for additions made to the lines, but are later reimbursed.
Mr. Cuomo has proposed allowing municipal governments to defer a portion of their pension costs by choosing a fixed contribution rate below the current one.
LOCAL GOVERNMENTS Mr. Cuomo abandoned his plan to allow local governments to defer a portion of their pension costs by choosing a fixed contribution rate below the current one.
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