Promising never to raise taxes, without reaching a deal on spending, really means a high and rising commitment to future taxes.
Promising never to raise taxes, without reaching a deal on spending, really means a high and rising commitment to future taxes". 5) Keynes' theories are facing their biggest test yet, writes John Cassidy: "Why didn't the Obama administration's 2009 stimulus package usher in a true recovery?
But there's also this: By formally adopting the ad hoc volunteerism already taking place within the company and then properly tracking and accounting for such pro bono projects, corporations can cut back on cash contributions and still report a steady or rising commitment to charity.
But even were it invested properly, ¥130 trillion would not be enough; a recent OECD study suggested that on current policies, rising pension commitments will cause net government debt to rise from about 25% of GDP in 2000 to perhaps 300% by 2030.Somehow, this pensions pickle will have to be resolved.
These investments are happening against a backdrop of rising dollar commitments to venture-backed branded businesses, even as the number of those investments declines.
For the U.S., declining economic growth and rising military commitments won't necessarily signal the decline of Pax America unless others become disproportionately richer and stronger.
Aid commitments had been rising, but the commitments are now, all too often, going unfulfilled.
All of this has major implications for the global sea-level-rise commitment, the study finds.
On the other hand, our sea level rise commitment may be realized well before two millennia from now.
When multiplied by the current rate of carbon emissions, and the best estimate of global temperature sensitivity to pollution, this translates to a long-term sea level rise commitment that is now growing at about 1 foot per decade.
