Sentence examples for drastic deficit from inspiring English sources

Ireland, another state on the periphery of the euro zone hit hard by the financial crisis, and Latvia, outside the euro, have achieved similarly drastic deficit reductions by cutting public-sector pay and benefits.

Specifically, drastic deficit reduction should not occur, in his view, until the economy is growing at least three percent per year and unemployment is below six percent.

Conrad said that Congress will soon have the opportunity to take drastic deficit reduction measures in a few months when the body is required to raise the debt ceiling.

Albany, meanwhile, is struggling right now largely because of a drastic deficit of leadership, because of the inability of our impotent, wind-bag of a governor to tame the wilds of the State Senate, to reap fruits from a Democratic majority, or to secure votes for his policy.

A 2010 survey for the Bank of England suggested the government's drastic deficit-reduction plan may be a reason: 18% of respondents expected to save more in response to higher taxes and reduced public services, and just 3% expected to spend more.This cannot fully explain Britain's lacklustre recovery—higher fuel prices and disappointing export growth are also to blame.

8 and 9 are reliable (the Fig. 11 shows that status of these parameters is suitable in Africa and they have the least impact on poor irrigation in Africa based on the Fig. 12, it means that rural population, labor force, and lack of appropriate performance in rainfed agriculture because of drastic water deficit, could not encourage governments and/or farmers to apply irrigation systems).

Balls's warning about the dangers of a double-dip recession and an "economic hurricane" have struck a chord with Boris Johnson, the mayor of London, who notes that "The consensus around drastic and immediate deficit reduction is in danger of breaking down.

For us, the cost of the mere possibility of such a disaster would be enormous: rising interest rates, recession, growing public deficit; drastic budget cuts would be needed.

The next mayor of New York will inherit historic budget deficits, drastic cuts in service and much else associated with Sept. 11.

More generally, the past five years have seen some really dramatic policy actions — huge expansion of the Fed balance sheet, very large deficits, drastic austerity measures in some countries.

One oddity in this story is the refusal of the generally respected Congressional Budget Office to recognize that drastic cuts in deficits in a still weak economy would slow the rate of recovery.