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The deficit choice.
To quote University of Toronto Economist, Mel Watkins, "the deficit is like an ulcer; it's painful but it's not terminal."
Given the choices that are available to Minister of Finance Michael Wilson, Canadians will suffer far more pain if he tries to design a budget to attack the deficit than if we live with the ulcer.
On Feb. 6, 1989, the Minister predicted that the federal government's budgetary deficit for the year ending March 31, 1989 would be just under $29 billion. This will mark the nineteenth year in a row that the federal government will run a budgetary deficit and the seventh year in a row that the deficit will exceed $25 billion.
The ...
- RISING DEFICITS FORECAST DESPITE GRAMM-RUDMAN
- Newspaper article from: Post-Tribune (IN) February 5, 1988 700+ words
...Federal budget deficits for 1988 and 1989...spending to attain the deficit targets mandated...steadily reducing deficits in stages down to...fiscal 1993. It sets deficit targets of $144...to slash budget deficits. Under summit terms...enacted into law, the deficit was supposed to...
- Two Deficits That Can't Be Twinned
- Newspaper article from: The Washington Post ROBERT J. SAMUELSON February 11, 1987 700+ words
...vital crusade: deficit reduction. Congress...As the budget deficits' adverse effects...because the two deficits have roughly grown...example, our trade deficit rose 75 percent...between the two deficits may become more...competitive and our trade deficit should fall. Assuming...
- Budget deficits and real interest rates: updated empirical evidence on...
- Magazine article from: Atlantic Economic Journal Cebula, Richard September 1, 2003 700+ words
...and projected deficits in the coming...assessment of the deficit outlook turned...prospects for budget deficits well into the...concerned with this deficit outlook and its...concern for the deficit reflects his belief that deficits raise the cost...
- Deficit Not As Bad As Feared - Analyst Blog
- Newspaper article from: Zacks Investment Research - Analyst Blog Dirk van Dijk, CFA September 14, 2009 700+ words
...be back to running a deficit in October. However...possibility that the budget deficit for fiscal 2009 will...about near-term budget deficits were way overblown...long-term structural deficits that pose the real danger...the longer term, the deficit problem is the health...
- When do deficits matter? While Democrats and Republicans switch sides,...
- Magazine article from: Reason de Rugy, Veronique May 1, 2009 700+ words
...spending that creates deficits supports your party...Republicans don't mind deficit spending if the...agree on whether deficits matter either...academic debate over deficit spending is whether...inflation rates, and deficits as a percentage...the federal budget deficit both rose and ...
- Colossal deficits as far as the eye can see mean trouble ahead for the bond...
- Magazine article from: The Bond Buyer Hill, Patrice August 12, 1991 700+ words
...in sight from yearly deficits near that colossal peak...projecting that the deficit will linger between...is increasing the deficit permanently by causing...significantly lower deficits may be unjustified for...proclaims the surge in the deficit would be only temporary...
- Deficits pose threat to bond prices.
- Magazine article from: Fund Strategy October 24, 2005 700+ words
...risk from growing deficits in developed economies...Management. Budget deficit as a percentage...Development, these budget deficits are structural in...Persistent structural deficit increases the risk...growth pact says that deficits should not go above...while the structural deficit ...
- Deficit boring? Try zeroing in
- Newspaper article from: Chicago Sun-Times Lynda Gorov November 24, 1987 700+ words
If the federal deficit sold arms to Iran, made an exercise video...about it. I have a hypothesis: We let the deficit get so big because it's so boring. And, technically speaking, the deficit is humongous. I know what you're thinking...
