The president and many in Washington are complacent because, thanks to the Fed's unprecedented near-zero interest rate policy, the burden of servicing the debt today is just 0.9% of GDP, the lowest level in over five decades.
WSJ: Phil Gramm and Steve McMillin: The Debt Problem Hasn't Vanished
But by reducing the ability of fiscal policy to respond to developments in the economy, such constraints could put an excessive burden on monetary policy to prevent economies from either overheating or diving into recession.
Current tax policy lightens the tax burden of the taxpayers who receive qualifying employer-assisted housing.
Instead, Bernanke acknowledged the slow economy, said the Fed had room to act if necessary, and passed some of the burden onto policy makers in Washington to get their act together.
FORBES: Call It "Chopped Liver" Or QE3, It's Coming, Fund Mgrs Say
But since the financial crisis environmental policy seems ever more a burden on struggling economies not only in America, but the world over.
ECONOMIST: Energy and the environment: Boom times, not green | The
The single currency has deprived its members of any independent control over monetary policy or the exchange rate, so the burden of any necessary response to a recession falls more on fiscal policy.
This CBO baseline data assumes the 2001 and 2003 tax cuts expire, so it exaggerates the increase in the future tax burden compared to current policy.
Annabel Goldie, in her last first minister's questions as Scottish Conservative Leader, said the government's renewables and international investment policy had put an "intolerable burden" on the Scottish economy.
Rahn Curve research shows that government is far too big today, so the goal of fiscal policy should be to restrain the burden of government spending relative to economic output.
Because most American companies are set up as pass through organizations in which business income is taxed on the individual tax returns of the business owners, policy makers can reduce the tax burden on small businesses by cutting taxes on individuals.
The current BOE leadership has made clear that it believes the U.K. is approaching the limits of what can be achieved by ultra-loose monetary policy and that more of the burden of reviving growth must now fall on the government to adopt measures to make the economy more competitive.
Successive presidents, who carry the burden of responsibility for foreign policy, have accepted that the experts are, on balance, right.
To try to get a sense of what such a levy would do to the tax burden across incomes, the Tax Policy Center analyzed a generic consumption tax designed to replace most federal taxes.
FORBES: Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Else?
Cutting down on box-ticking and form-filling will help reduce costs, but leaves government policy, the source of most of the regulatory burden, untouched.
ECONOMIST: New plans to cut red tape address only part of the problem
Finally, it is incumbent on all those anxious to avoid unnecessary defense expenditures to resist policy initiatives that will add substantially to the defense burden the United States must bear.
Finally, I believe it is incumbent on this Committee and others concerned about safeguarding national security at the lowest responsible cost to resist policy initiatives that will add substantially to the defense burden we must bear.
CENTERFORSECURITYPOLICY: Can The United States Afford Not To Be Properly Defended?
To top it off, analysis by the Illinois Policy Institute shows that Illinois has the 14th highest tax burden per capita in the entire nation.
FORBES: It's Not Just The Feds, The States Face Their Own Fiscal Cliffs, Too
All in all, say accountants PricewaterhouseCoopers, changes in tax policy account for around half the overall increase in the tax burden.
Threats of higher taxes, the constantly increasing regulatory burden, the failure to pursue an aggressive trade policy that will open markets to U.S. exports, and the enormous increase in government spending all are growth impediments.
Perhaps reducing that burden (current and expected) would be a better policy move.
Joseph Clift, policy manager at the British Heart Foundation, said that the growing financial burden of expensive prescription charges could not be ignored.
Policy makers should remember these facts when talking about how to reduce the tax burden on small businesses.
The White House expects that expansionary monetary policy--which the Fed has followed for months now--will ease the burden on credit markets.
Policy makers need to develop long and short-term palliative care strategies to cope with the burden of these diseases, the authors said.
But the new policy probably has a more practical impetus: the coalition needs trained Iraqis to shoulder more of the security burden.
And yet the rulings also made it easier for plaintiffs to sue by putting the burden of proof squarely on employers, and failing to say what is a reasonable anti-harassment policy.
In addition to being credit negative for Cypriot banks, the willingness to impose losses on bank depositors signals that burden-sharing for senior unsecured bank debt, and potentially deposits, is a viable and realistic policy option for governments in the euro area and perhaps elsewhere in Europe to limit the financial and political costs of bank bailouts.
应用推荐