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If Republicans were really interested in a tax reform that reduced debt, it's difficult to believe they'd agree to a budget that allows them to increase debt ― their argument that increased economic growth will pay for the cuts notwithstanding ― because looking into the history of tax cuts, it's clear that cuts don't pay for themselves.
It may also increase debt burdens.
"We did not increase debt.
Mr. Sanford objected to the stimulus money, saying it would devalue the dollar and increase debt.
Second, the higher rates increase debt costs for businesses, an expense that eats directly into the bottom line.
Paul Sabatino, the counsel to the Legislature, has said that too much borrowing now would increase debt service.
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"Higher interest rates will increase debt-servicing costs and could increase default rates on existing loans," the bank warned.
"Higher interest rates would increase debt-servicing costs for households, but the extent to which that may pose problems for households in the future will depend on how much incomes increase before rates rise," it says.
It is very probable that the House speaker, John A. Boehner, would have finalized a spending-cut and tax-increase debt deal with Mr. Obama last summer if he had not felt the heat from this group.
Investment has turned to increased debt.
Mr. Steuerman himself was facing increasing debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com