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He contends that America must wrestle down its own debt, steady its financial system, reduce inequality, rebuild its infrastructure and fix its gridlocked politics.
At around $4 trillion in deficit reduction, the United States would have a good shot at achieving what Mr. Obama and a growing number of Democrats consider to be a politically plausible and economically meaningful outcome: holding the national debt steady for a decade or so at under 75 percent of gross domestic product.
All it takes is a couple of £15 fines for going over an overdraft limit, £25 interest on top and a £45 payment just to keep your credit card debt steady.
Similar(57)
But it is a measure of how deeply ingrained borrowing is in the state's political culture that while many other states have held their debts steady or reduced them, the Governor's budget director, Robert L. King, boasts of having slowed the rate at which New York's debt grows.
However, given the continued rise of student debts, steady youth unemployment rates, increased competition, and a pending market correction that many believe will come in late 2016 or 2017, entrepreneurship may experience a loss of appeal for the first time in years.
They're both low-debt, steady-growth outfits.
In the absence of policies to boost domestic savings — and thereby slow the build up of debt — a steady decline of the dollar implies a steady decline in American living standards.
Net debt was steady at £46m.
GM's rival Ford Motor managed to avoid federal aid, and is planning to restructure its debt to steady its finances.
GM's rival Ford Motor, which has avoided federal aid, is planning to restructure its debt to steady its finances.
Kosovo's deputy foreign minister wants to highlight the progress the country has made - noting its low national debt and steady economic growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com