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There is time for some holiday partying in their brief visits, but no time for the families about to slip deeper into their own spirals of deficit spending.
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What we have seen in Europe is the creation of a death spiral of deficit cutting, leading to reduced growth – which leads to reduced revenues and pressure to cut deficits faster.
In Ireland it is the upward spiral of deficit in relation to a declining GNP that will be the outcome.
Mr. Williams arrived here in 1995 as a grim technocrat and emergency budget cutter when Congress created a board of financial overseers to halt the capital's spiral of deficits and mismanagement and hired him as chief financial officer.
This vicious spiral of rising deficits and debt would be likely to push interest rates even higher, causing the spiral to accelerate.
The result is a spiral of increasing deficits and ballooning debt in which national debt payments will outstrip even defense spending starting in 2023, as the Congressional Budget Office has projected in a recent report.
We were promised a more certain 'next,' and now we all seem caught up in a spiral of depressing deficits, profound shifts in markets and crushing national debt.
He and Alberto Alesina, a fellow academic, worry that Italy risks "twirling into a spiral of taxes, recession, deficit and yet higher taxes".In a sense, the country has been in peril for ten years, as taxes and public spending have both risen even as GDP has stood still (see chart).
They are both a straightforward fiscal problem -- with federal coffers being denied needed money at a time of spiralling deficits -- and a broader threat to our civic culture.
Even if Democrats were to win unified control of Washington in 2020, passage of a full-throated Green New Deal package could be problematic because it would require massive government investment at a time of spiraling deficits.
U.S. Treasury bonds were supposed to be out of favor by now, a result of spiraling budget deficits and fed-up Chinese buyers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com