Exact(5)
The Treasury projects it will receive another $14 billion as hundreds of smaller banks repay their bailout funds.
Even so, the Treasury projects that within a generation the federal debt will rise to 100 percent of G.D.P. as future commitments become part of annual spending over and above projected revenues.
The Treasury projects the bailouts of General Motors, Chrysler and Ally Financial could cost it about $15 billion, while losses from the government's beleaguered mortgage modification programs, like HAMP, could wind up reaching $46 billion.
The Treasury projects that, without reform, state pension spending will remain unchanged as a proportion of GDP while the number of pensioners soars, which is clearly nonsense.The government should not only accept Lord Turner's proposals but also address the disparity between pension arrangements in the private sector and those for public-sector employees, confirmed just a month ago.
Unless our productivity and output grows, the Treasury projects that within a generation the federal debt will rise to 100percentt of G.D.P., as our future commitments come due, and suddenly become part of the nation's acknowledged debt.
Similar(55)
School projects are brilliant.
Health projects also feature prominently.
"Five years ago, 50percentt of World Bank projects had N.G.O.
Vanity projects always win Whitehall battles.
Research projects vary widely.
Research projects have been abandoned.
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