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We've obsessed over the deficit in the face of near-record low interest rates, obsessed over inflation in the face of stagnant wages, and counted on the confidence fairy to make job-destroying policies somehow job-creating.
And politicians will also be happy if cautious investors are willing buyers of government debt; many countries are moving into heavy deficit in the face of the recession.But it does not look helpful to companies.
His overall tax policy would tell aspiring French entrepreneurs that they might be better off launching a good idea elsewhere.The inconvenient truth is that whoever emerges the victor on May 6th will need to show a tough approach to the deficit, in the face of wary bond markets and possible recession.
As expected, pAMPK levels were markedly elevated in Drp1 cells, indicating that, while this pathway was intact and appropriately responsive, its activation was unable to correct the severe energy deficit in the face of ongoing mitochondrial fission.
In the present study, the delay in normalization of the base deficit in the face of a rapid normalization of the Pe CO2 Pa CO2 gap may suggest that the Pe CO2 Pa CO2 gap can serve as an early indicator for resuscitation end-point rather than base deficit.
Gross national income per capita was US$2000 in 1963 and only slightly increased to US$2200 in 1969 [ 24, 25], resulting in a health sector budget deficit in the face of increasing expenditure due to hospital fee exemptions, minimal fees for other health services, and an increasing population.
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The point is that running big deficits in the face of the worst economic slump since the 1930s is actually the right thing to do.
But standard textbook economics says that it's O.K., in fact appropriate, to run temporary deficits in the face of a depressed economy.
But the true test will most likely come in the months ahead, when nations like Portugal, Ireland and Spain, which are struggling to impose unpopular austerity measures on their people, confront the difficulty of cutting budget deficits in the face of brutal recessions.
But history shows that Congresses and presidents are willing to raise taxes to close deficits in the face of war or as part of a grand bargain that involves austerity on the spending side.
The fact that American conservatives watch Fox News and don't read the New York Times doesn't help explain why centre-left parties in Germany and the Netherlands believe it's imperative to slash their countries' budget deficits in the face of the worsening European recession.Take Germany.
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