The numbers it contains seem wonderful.Thanks to soaring tax payments, the budget deficit for fiscal 2006 (which ends on September 30th) is now expected to be $296 billion, or 2.3% of GDP, 30% lower than the White House expected only six months ago, and lower than last year's figure of $318 billion 2.66% of GDP).
Unlike other proposed generators on the Island, the proposal for the Shoreham site has the apparent support of residents in the Shoreham-Wading River Central School District, where school taxes have soared as payments the authority made in lieu of taxes for the former Shoreham plant were phased out.
That sent GST's debt levels and interest payments soaring, which eventually pushed it into bankruptcy.
But in 2008 the forint, zloty and other central European currencies plunged against the franc, sending borrowers' monthly payments soaring in local-currency terms and leaving many of them owing more than their houses were worth.
"Debt interest payments are soaring and, given that government debt continues to grow, these payments are only going to get larger," said Andrew Goodwin, economic adviser to the Ernst & Young Item Club.
Yet much of it has already been swallowed up in higher mortgage payments and soaring petrol and food prices.
AS THE world economy slows, the number of people who have fallen behind on loan and credit-card payments is soaring.
Liverpool are owned by Americans Tom Hicks and George Gillett – who are felt by fans to have saddled the famous club with soaring debts and interest payments, and failed to deliver on the promise of a bigger ground.
A14 NEW YORK/REGION B1-10 Mortgage Defaults Soar Among Poor Since 9/11 The number of low- and moderate-income families in the metropolitan region who are deeply behind on mortgage payments is soaring, according to federal and city data and housing experts, who say mortgage troubles have surged since Sept. 11.
The number of low- and moderate-income families in the New York metropolitan region who are seriously behind on their mortgage payments is soaring, according to new federal and city data and housing experts, who say they have seen a surge in mortgage troubles since Sept. 11.
Credit derivatives are soaring in value and payment-in-kind notes (which pay interest with more debt, rather than cash) are in vogue.
