The extra tax revenue that such a rebate would produce would reduce government deficits significantly.

The budget deficit has been brought down sharply, and unemployment has declined.

As a result, public deficits are shooting up everywhere.

This program must be funded from the state budget.

A good starting point was the end of the Cold War which enabled the US to reduce military spending by around 2.5 of GDP (comparing 1990 and 2000), a saving worth around 225 billion per year.

So the policy prescription for solving the crisis seems simple austerity. Fiscal deficits must be cut to reduce debt levels.

This helped Clinton reduce the budget deficit in a rather painless manner.

Fiscal deficits must be cut to reduce debt levels.

The child's budget is not separate from the state budget.

They also believe that the government deficit drives up inflation and interest rates, thereby crowding out other spending by consumers and firms.

The US budget deficit is enormous and unsustainable.

Unemployment and the budget deficit are soaring.

Open prisons also cost less.

Macroeconomic stability must be consolidated, with budget deficits brought decisively under control.

The budget deficit continued to widen as the economy collapsed.

As the government s fiscal position has steadily weakened, the jobs have become far scarcer.

So, in Bush's eyes, tax cuts reduce the federal deficit.

Low debts are most useful for those who want to run temporary budget deficits.

Doing enough would require reducing annual budget deficits by 0.5 of GDP every year during the coming decade just to improve the sustainability of government debt on average.

In turn, Lula adopted orthodox macroeconomic policies and moved to get the budget deficit under control, breaking the panic.

In just two years, Greece s budget deficit jumped from 4 of GDP to 13 .

The first is that the looming US budget deficits will sooner or later limit America's international power.

In two years, its unemployment rate increased by 5.3 , its budget deficit by 1.1 .

Nor could we find any convergence regarding government deficits and debt.

However, a careful look at the numbers behind Cartes' statement proves the president wrong.

Moreover, the interest premium paid on government bonds held in pension funds imposes burdensome and unjustified fiscal costs, since it adds to budget deficits and the public debt. In fact, experience indicates that the interest rate gap increases dramatically when fiscal crisis looms.

The starting points are a 40 public debt to GDP ratio and an average budget deficit that, as a share of GDP, is four percentage points lower than in the advanced world.

Moreover, the interest premium paid on government bonds held in pension funds imposes burdensome and unjustified fiscal costs, since it adds to budget deficits and the public debt.

Interest payments drove up the deficit, which spooked investors who demanded even higher spreads, enlarging the deficit even more.

But Obama s message lost touch with reality when he turned his attention to the budget deficit.

Budget deficits and printing money, effective in the short run, provide only limited answers.

In fact, there is a strong risk that this legislation would ultimately add to the fiscal deficit.

The fall in taxes and the rise in spending do widen the budget deficit, but in a healthy and useful way.

We will need to give new budgetary incentives to promote demonstration projects, and to support technology transfer.

The budget deficits could continue to prevent any meaningful action in areas of critical need.

But even with the currently depressed copper price, Chile s budget deficit is only 2 of GDP.

Meanwhile, Spain s budget deficit was 5.7 of GDP last year, the highest in the EU.

But if monetized fiscal deficits are allowed to run, the increase in long term yields will put a chokehold on growth.

US budget deficits as far as the eye can see might excite fear of losses on US Treasury bonds.

In 1981, energy accounted for 11 of the total US public R D budget.

One extreme is the simplistic Keynesian remedy that assumes that government deficits don t matter when the economy is in deep recession indeed, the bigger the better.

The International Monetary Fund was predicting only that Greece would have a zero primary budget deficit in 2013.

Under tremendous strain, Tymoshenko s government succeeded in keeping the budget deficit under control. Inflation was halved from 31 in May 2008 to around 10 today.

The budget deficit will likely be in the range of 8 10 of GDP, even if growth comes back to some extent.

In the 1980 s, Scandinavian countries stood for chronic budget deficits, high inflation, and repeated devaluations.