Before 1974, it was plausible to argue that there was some virtue in having a debt limit because it forced Congress to acknowledge the consequences of deficit spending from time to time.
Re "It's Even Worse Than You Think," by Howell E. Jackson (Op-Ed, Oct. 9): The government's accounting practices are so perilous that the media have an obligation to educate the public, most of whom do not understand the consequences of deficit spending.
Paul Solman has a post on Greg Mankiw's attempt at a gotcha over my views circa 2003 on the consequences of deficits.
Describing the current crisis as the consequence of "a deficit of ethics in economic structures", he added: "It is here that the church can make a contribution".
This elevated resting level of calcium may be the result of the alterations identified in the present experiments, enhanced calcium entry and mobilization, and likely to be the consequence of the deficit in NO synthesis.
These results suggest a perceptive deficit, even if the fact that this perceptive deficit is the cause or the consequence of the productive deficit still remains to be investigated.
Therefore, to compensate for the mineral deficit, an organism has to increase mineral intake (or, otherwise, endure the consequences of the deficit).
The notion that stagnation is the necessary consequence of deficits and debt inherited from a profligate Labour government is nonsense akin to the Tea Party-led hysteria in the US, yet this view dominates the debate in Britain.
There is a gap in understanding of how the education of future professionals might address the consequences of this deficit [ 2].
Indeed, the consequences of ATP deficit has recently been highlighted in a modelling study that links cellular activity and vulnerability to degeneration to inadequate levels of cellular energy [ 146].
