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And with projected budget deficits rising from 3.5% of GDP in 2017 to 4.7% and the ratio of public debt to GDP due to top 80% in 2019 (by the White House reckoning), Congress will have few fiscal policy levers to pull.
Few fiscal problems are as grave, or as little understood, as underfunded state and municipal pensions.
This election is about stark differences on economic policy, but one of the few fiscal issues on which Democrats and Republicans agree — surprisingly — is how to tax corporations.
A few fiscal conservatives have suggested that the postwar costs in Iraq might lead them to rethink their willingness to vote for a prescription drug benefit for the elderly.
New York's real estate market is expected to slow, however, with a 10% decline in home prices, a 14% decline in home sales over the next few years and a significant decline in real estate transaction taxes that have buoyed the City's tax revenue in the last few fiscal years".
(As a counterpoint, despite that operating margin, the company's operating cashflow growth over the past few fiscal years has been impressive).
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In an analysis of the mayor's budget for the next few fiscal years, Mr. Thompson said he did not expect the current slowdown to be as "disastrous" for workers in the city as the last two recessions were.
I met a few last week.
Few today would accept this literally.
"But we saw a few today".
There've been quite a few this year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com