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Braskem is one of a growing number of Brazilian companies forced to pay off maturing debt as investors reduce their holdings of Brazilian securities on fears that the country's next president may increase deficit spending and force Brazil to default on its public debt of 1.1 trillion reais.
In response to these dire fiscal circumstances, [President] Obama has proposed a budget that would increase deficit spending by $1.2 trillion next year and by $9.5 trillion over the next decade according to the CBO.
Romney plans to increase deficit spending, just like Obama and Bush.
A few Congressional Republicans, including Judd Gregg (who is threatening to call a Rule 28 point of order) and one of the bill's authors, Senator Sam Brownback, cannot abide: after publicly pledging to support Cash For Clunkers only if it did not increase deficit spending they cannot vote to carry the revised bill through without appearing to be hypocrites.
Similar(54)
Keynes argued that when economies are sputtering, the government must increase deficits, because its increased expenditures will stimulate the economy to better growth.
That risks draining revenues from the corporate income tax and would actually increase deficits.
Over a two-term presidency, Newt Gingrich would increase deficits beyond current projections under all three scenarios, as much as $9.7 trillion, while Mitt Romney and Rick Santorum would increase deficits under two of the three forecasts by trillions of dollars.
Second, the JCT analysis notes that a 28% top corporate rate would increase deficits after 10 years, even assuming aggressive base-broadening.
One commercial shows a red balloon that expands as the narrator warns that an overhaul would increase deficits, taxes and government control.
However, if they increase the benefit, they'll have to increase deficits.
They would increase deficits in the short term, but pay for the program over the decade.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com