As a result, public deficits are shooting up everywhere.

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

This deficit reflects an underlying research deficit.

The US federal deficit is an alarming 12 of GDP, and public debt as a share of national income is already projected to double, to 80 of GDP.

Eurozone members as a whole, they argue, have a lower budget deficit than the US and the United Kingdom, and a similar level of public debt.

Germany s Europe Deficit

So deficits grow.

The Skills Deficit

Apakah kekurangan energi benar terjadi?

The moral deficit is on a mass scale.

We have a deficit.

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

Scarcity in an Age of Plenty

We are experiencing a shortage of nightstands.

Japan Air Lines, which was almost bankrupt, was rescued by a government bailout, a device that seems to be increasingly common.

A contentious redefinition of public debt

Moreover, for too many investors, Portugal, with its poor growth prospects and insufficient domestic savings to fund the public sector deficit, looks like Greece. And Spain clearly has to grapple with its own Irish problem, namely a huge housing over hang and probably large losses in the banking sector following the collapse of an outsized real estate bubble.

Moreover, for too many investors, Portugal, with its poor growth prospects and insufficient domestic savings to fund the public sector deficit, looks like Greece.

The gargantuan US trade deficit?

As time passes, deficits accumulate.

Latin America s Education Deficit

Closing America s Jobs Deficit

India is now short of food.

A water shortage causes a lot of inconvenience.

The combined fiscal deficit of the central and state governments now exceeds 10 of GDP, a key risk in the eyes of international rating agencies.

Haiti s State Building Challenge

Recasting Governance in Asia

These are the reflexes of an impeccable stateswoman.

The Case for Better Government

According to the US State Department

Where does state control stop?

Public Domain photo from the US State Department.

Photo from state news agency Xinhua.

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.

If Greece had to borrow at the market interest rate on ten year bonds, its deficit would rise by 6.5 of the Greek government debt or 11 of GDP.

Such shortages, no surprise, have stoked inflation.

Europe u0027s Defense Investment Gap

Now, trade deficits are like hot potatoes.

The result is a budget deficit equivalent to more than 5 of GDP.

The US government itself has taken advantage by running vast deficits.

The water shortage is due to the weather.

The recent coffee shortage brought about many problems.

The United States trade and current account deficits have begun to shrink relative to American and world GDP.

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.