Search results for deficit

We've found 0 authors and 4 quotes for deficit:Sort:Popular A - Z

ADVERTISEMENT

Over the long term, if government revenues continue to be less than the expenditures (deficit). This will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle. – Med Jones
Over the long term, if government revenues continue to be less than the expenditures (deficit), then the economic health of the country worsens because this will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle. – Med Jones
The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect. – Sam Ewig
There are 1011 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit We used to call them astronomical numbers. Now we should call them economical numbers. – Richard Feynman

We need you!

Help build the largest human-edited quotes collection on the web!

The Web's Largest Resource for

Famous Quotes & Sayings

A Member Of The STANDS4 Network