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Over the last eight years, Bush administration deficits raised the national debt by almost $5 trillion.
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"They take us back into deficits, raise interest rates, drop the stock market, raise unemployment".
The extra money disappeared into paying off deficits, raising staff pay and on higher drugs bills.
And the President continues to rule out the only other method of reducing deficits, raising taxes.
One banker said that, with more European economies coping with rising deficits, raising, guaranteeing or backing such a large sum would not be an easy task.
In the long run, big government deficits raise the cost of capital for private businesses, but in the short term, with private demand weak, rising deficits are an important short-term economic boost.
WASHINGTON — Top Republicans on Wednesday were hostile toward President Obama's plan to create a bipartisan commission on cutting projected deficits, raising doubts about the prospects of a main piece of his budget strategy.
Deficits raise the level of private wealth while surpluses, representing as they do an excess of government taxation over spending, necessarily drain wealth from private citizens and firms.
Some 50% of outstanding Italian government debt needs to be rolled over in the next five years, presenting a huge challenge to the government as its proposed budget deficits raise alarms amongst investors.
The fact that children with both SLI and dyslexia show phonological deficits raises an intriguing question.
These data indicate that either HMOX1 expression is directly controlled by TFEB or that sucrose-induced lysosomal deficits raise ROS.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com