Instead, Washington will continue to spend more today while sticking future taxpayers with the bill by borrowing to cover the deficit.
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The scheme eventually mushroomed out of control, so Farkas allegedly started selling fake loans to Colonial to get funding to cover up the deficit.
Now, Mr Batey, a China-based business consultant, has stepped in with an offer to cover the "operating deficit of Arundells" while a "serious business plan is prepared and a major fund-raising campaign launched".
The additional revenue-raising programs will cover the majority, but not all, of the remaining deficit, he said.
But if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know. (Applause.) Let me know.
The production company carries a deficit for the remaining cost which it tries to cover by reselling the show in territories outside of the U.S. and selling it into syndication.
Indeed, the promise to expand insurance to cover more procedures for more people while lowering costs and cutting the federal deficit was pure fantasy.
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The government takes the cash and uses it to cover its deficit spending.
FORBES: Stay Tuned For Fed-Induced Hyperinflation And Depression
Blinded by macro statistics that cover irrelevant government measures such as the mythical "trade deficit, " Bernanke is calling for government oversight of alleged "imbalances" that, if implemented, would lower our standard of living and force us to pursue labor out of necessity rather than the pursuit of work at which we excel.
FORBES: The Fed chairman has no idea what he's talking about.
Later this month, the government will be begging aid donors to cover its budget deficit.
And kicking the can down the road on the deficit may see that can go down a manhole cover very soon.
The President has often said when he's talked about specific Republican proposals that the CBO has scored them in a certain way where they don't cover very many people or they don't add up to the deficit reduction.
The Greek government is currently introducing austerity measures to help cover its budget deficit.
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