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Federal debt is high despite the limit because lawmakers repeatedly enter into expensive and recurring obligations without a plan to pay for them — in recent years that includes two wars, the George W. Bush-era tax cuts and the Medicare drug benefit.
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As the Briton recently recalled, he began by asking Holst, "What the fuck were you thinking?" Zoo directors in the United States and Europe have a recurring obligation, largely unknown to people who run art galleries and amusement parks, to explain to the public that their institutions deserve to exist, and aren't sad, and will still exist in thirty years.
Lawmakers from both parties said they would pay close attention to the cost of new federal subsidies for health coverage because these subsidies — unlike the one-time bailouts for banks and other financial institutions — would be recurring federal obligations for years to come.
One consequence of its recurring need to defend its existence and its citizens is a near-universal obligation of military service.
"Our recurring losses from operations, stockholders' deficit and inability to generate sufficient cash flow to meet our obligations and sustain our operations raise substantial doubt about our ability to continue as a going concern," G.M. said in its filing.
"Our recurring losses from operations, stockholders' deficit and inability to generate sufficient cash flow to meet our obligations and sustain our operations raise substantial doubt about our ability to continue as a going concern," G.M. said in the filing.
Deloitte & Touche attributed its warning to recurring losses from operations, stockholders' deficit and an inability to generate enough cash to meet its obligations.
Deloitte & Touche attributed its warning to General Motors on to recurring losses from operations, stockholders' deficit and an inability to generate enough cash to meet its obligations.
While the report did not come as a surprise, auditors attributed the warning to GMs recurring losses from operations, stockholders' deficit and an inability to generate enough cash to meet its obligations.
Recurring dreams.
Recurring customers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com