"Call it the triple deficit," said Mr. Rothkopf.
The younger Mr Papandreou must now act quickly to curb Greece's "triple deficit"—swollen budget and current-account deficits, plus a soaring public debt or risk a humiliating loss of sovereignty to the European Union institutions in order to escape a sovereign default.Mr Papandreou, a sociologist who dislikes figures, would much prefer to talk of Greece's "credibility deficit".
We'll also have to get used to very large federal deficits—World War II deficits were nearly triple the deficit we will see this year.
House Majority Leader Steny Hoyer (D-Md). said in a conference call on Tuesday that the GOP's proposal will not only fail to stimulate job growth, but will triple the deficit by 2015 and devastate an already-shrinking American middle class.
"At the same time, it has tripled the deficit, added $100bn to net debt and put Australia's triple-A credit rating at risk," he said.
As Garry Wills wrote in "Reagan's America": "Reagan nearly tripled the deficit in his eight years, and never made a realistic proposal for cutting it.
As his biographer Garry Wills tells us, the Gipper "nearly tripled the deficit in his eight years, and never made a realistic proposal for cutting it".
On Tuesday, the Congressional Budget Office will release its midyear portrait of the government's fiscal health, officially declaring the budget in triple-digit deficit, probably through 2004, the most dramatic turnabout in the nation's fiscal fortunes since World War II.
That was launched by President Reagan, but all he proved was that cutting taxes + tripling the deficit, about as Keynesian as one can be, may stimulate the economy.
Little surprise, then, that hospital trusts in England ended the year with a record deficit triple the size of the previous year's.
When expenditures surged and receipts shrank in 2008, it wasn't because President George W. Bush decided it would be a great idea to nearly triple the federal deficit.
