Quotes 1 till 5 of 5.
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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Californians are worried about whether they will have a job along with ballooning federal spending and deficits.
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Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.
Towards A Canada of Light Interlude, p. 75 -
I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
The Age of Turbulence (2008) p.218 -
To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.
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