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Because the deficit was so large and because they benefited from tax cuts in the 1980s, we did ask the wealthiest Americans to pay more to reduce the deficit. So on April the 15th, the American people will discover the truth about what we did last year on taxes.
His friends all turned their backs on him. Then I took my first step. I met Agafya Ivanovna, with whom I’d always kept up a friendship, and said, ‘Do you know there’s a deficit of 4,500 roubles of government money in your father’s accounts?’ “ ‘What do you mean? What makes you say so? The general was here not long ago, and everything was all right.’ “ ‘Then it was, but now it isn’t.’
Jordan has been requested to make good the deficit; but he hasn’t a penny to his name and is in a mighty tight place, for Diruf is threatening to send him to jail. You know, Diruf is hard-boiled in matters of this kind. What do you think of that?” Theresa wrapped her hands in her apron, and looked at Jason Philip out of the corner of her eye.
He knew that, although the public revenue might be raised by extraordinary and spasmodic exertion to nearly a million sterling, a larger income than had ever been at the disposition of the great Queen of England, the annual deficit might be six millions of florins more than half the revenue if the war continued, and that there was necessity of peace, could the substantial objects of the war be now obtained.
The terrible storm of insurrection and revolution, in combination with the five years' deficit of the revenues of Asia Minor, was the first serious trial to which the Roman finances were subjected after the Hannibalic war: they failed to sustain it.
Finding himself with a deficit the Liberal leader was unable to go in for any startling novelty, especially in a Session when everything is to be opposed in order that Home Rule may be defeated. But one would have thought that this would have delighted the timid and conservative soul of Mr. Goschen. Not a bit of it. Taking cleverly the rather auroral promises of the election period, Mr.
During the fiscal year ending June 30 last we incurred a deficit of about $903,000,000, which included the statutory reduction of the debt and represented an increase of the national debt by $616,000,000. Of this, however, $153,000,000 is offset by increased cash balances.
That is the corner stone of our national credit, the trifling price we pay to command the lowest rate of interest of any great power in the world. Any surplus can be applied to debt reduction, and debt reduction is tax reduction. Under the present circumstances it would be far better to leave the rates as they are than to enact a bill carrying the peril of a deficit.
In Hiram Ranger's last year the Ranger-Whitney Company made half a million; the first year under the trustees there was a small deficit. Charles Whitney was most apologetic to his fellow trustees who had given him full control because he owned just under half the stock and was the business man of the three. "I've relied wholly on Howells," explained he.
An International Finance Discussion Paper released by the Fed in December 2000 found, as "The Economist" put it, that "deficits usually began to reverse when they exceeded 5% of GDP. And this adjustment was accompanied by an average fall in the nominal exchange rate of 40%, along with a sharp slowdown in GDP growth." Never before has the current account deficit continued to expand in a recession.
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