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Exact(18)
The bill raises spending in rich districts as well as poor ones.
Increasing earnings in innovation and other tradeable sectors raises spending in non-tradeables sectors like services, and thus increases jobs and wages there.
One reason is that inflation raises spending by encouraging consumers and businesses to buy things they need immediately because prices will be higher in the future.
But Mr. Pataki's budget avoids layoffs, keeps previously planned tax cuts in place, and raises spending by more than the rate of inflation.
But later on, as it raises spending and stimulates price inflation, it also produces a rise in the demand for loans that will tend to raise nominal interest rates.
Because slower growth simultaneously raises spending on social programs and reduces revenues, the surplus will fall by about $12 billion for every 1percentt of expected growth that doesn't materialize.
Similar(38)
A much larger troop surge in Afghanistan, raising spending by 60 percent from current levels.
"We cut taxes, raised spending and contributed to the deficit," he said.
In office, Reagan pushed for domestic spending cuts but also sharply raised spending for favored programs such as the military.
And the same logic actually says that we should not just avoid spending cuts, we should raise spending right now.
Michigan had never been able to reduce taxes and raise spending at the same time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com