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The resulting deficit would drive up long-term interest rates across the entire economy, stunting growth.
In the modern variant this "helicopter money" would consist of governments initiating significant new spending, perhaps on infrastructure, or cutting taxes, and the central bank buying the bonds used to finance the resulting deficit.
While it is true that Congress passed all the laws that led to the current level of taxes and spending and the resulting deficit, Congress did this is a piecemeal way, tax by tax, appropriation by appropriation and entitlement by entitlement.
Hence, the resulting deficit of energy can be met by developing the unconventional energy resources.
Wrecking Ball, if anything is the response to the global financial crisis and the resulting deficit of communal values.
The resulting deficit in the inhibitory effect on NK cells and the following diminished regulation of cytokine amounts may be a good explanation for the exaggerated immune response observed in DBA/2J mice.
Similar(52)
But his conclusion was that unless the revenue losses from the proposed tax cuts were offset by spending cuts, the resulting deficits would be a drag on growth, quite likely to outweigh any supply-side effects.
It also boasts a May Festival, clearly descended from Schumann's Dusseldorf prototype; a 3,400-seat 3,400-seatll in a part of town still known as "Over the Rhine"; and a long history of loconcertport to cover thallesulting deficits.
Had Mr. Dole's tax cuts been enacted, the resulting deficits would surely have crowded out a lot of investment -- and quite possibly have crowded out the productivity boom.
"A forecast rebound in demand in 2010 and the resulting deficits should support higher prices.
Instead, he predicts, the GOP will use the resulting deficits to argue for the necessity of cutting social welfare programs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com