That has allowed him to curb a ballooning deficit that threatened to leave teachers and hospital workers unpaid.
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"You have a budget deficit that is ballooning, a current account deficit deteriorating and you have investments both local and international at a standstill, you know taking a wait and see approach, " says El-Khazindar.
At a time when the economy has been battered by hurricanes, rising energy prices and a ballooning federal deficit, many economists believe that Bernanke's approach would serve the country well.
But serving then as Argentina's top finance official, he presided over a ballooning budget deficit which turned Argentina into the biggest borrower among the emerging markets, the cause of the current crisis.
The numbers on Medicare, Medicaid, Social Security, unemployment, the wars, and our worldwide military presence point to a huge and growing annual budget deficit and a ballooning debt.
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"If we do not do this kind of stimulus, the deficit will get worse because of the loss of economic activity, " Frank told CNBC when asked whether this kind of spending will just blow a hole in the already ballooning deficit.
If nothing else, the ballooning federal deficit is a signal that taxes are going to go up.
U.S. community banks are not prepared for the possibility of a quick spike in rates when the ballooning federal deficit comes home to roost within the next few years.
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However, one sector of the market that has welcomed the ballooning budget deficit is the commodity sector, as a weaker US dollar translates into higher commodity prices.
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But to stop the scheme's deficit ballooning any further, membership is going to cost rather a lot more.
In a way those transfers can be seen as the corollary, in part, of the UK's ballooning deficit.
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