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And at a time when most Western governments face ballooning deficits, Switzerland posted a federal budget surplus of 2.7 billion Swiss francs, or about $2.5 billion, last year.
The authority has predicted that it will face ballooning deficits in coming years, caused largely by payments on its enormous debt.
And so we are left with countless tales of lives ruined people living paycheck to paycheck who cannot afford a minor fine, and so face ballooning penalties, increasing amounts owed, a suspended license, jail time, and being fired from their jobs or unable to find work.
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At the end of the loan, these borrowers will face balloon payments.
"Best bday evaaaaaa!!!!!!! Thank you my loooooove ❤️💙💜💛💚," she captioned one pic, which showed her lying in bed behind a massive bouquet of flowers and holding some happy face balloons. .
And many state and local governments, facing ballooning deficits, are poised to make severe cutbacks.
The city faces ballooning annual payments to its underfinanced pension plan, and the annual tab will soon climb to $700 million.
That can be seen in the program the Federal Housing Administration initially offered to homeowners facing ballooning mortgage payments.
For the mayor, the issue is about seizing control of a rich pot of resources as he faces ballooning budget gaps.
Many state and local governments, facing ballooning pension promises to police officers, firefighters, teachers and other public employees, are rushing to sell bonds to cover the shortfall.
OECD chief economist Pier Carlo Padoan said all governments facing ballooning deficits should seek efficiency gains from public spending, particularly in education and health, and avoid "harmful" labour and capital taxes.
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CEO of Professional Science Editing for Scientists @ prosciediting.com