That would be the greatest reduction in effective government debt in world history.
Instead, they would ultimately eliminate the unfunded liability of Social Security entirely, which would be the biggest reduction in effective government debt in world history.
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Though there is little to indicate that households behave in this way in general, there is evidence that when governments are heavily in debt fiscal stimulus becomes less effective, and investors' and consumers' confidence can deteriorate suddenly.
He is also concerned that quantitative easing, or the purchase by the Bank of England of government debt, may be becoming less and less effective in promoting a recovery.
It said the high cost of debt recovery meant it was not always cost-effective to pursue some fines.
Fact is, the debt ceiling is more a plot device for Beltway drama than an effective way to restore fiscal sensibility.
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Monitoring your total debt load against this line can become a useful discipline for developing effective budgeting and spending habits for life.
Effective October 1, 2002, for intragovernmental investments with the Bureau of the Public Debt (BPD), BPD and trading partner agencies will use the interest method for amortization on market-based notes, bonds, and zero-coupon bond securities.
We believe that if we make the right decisions about dealing with our debt and dealing with our deficits, taking measures that are responsible and effective to help create jobs and grow the economy, that other things like markets will take care of themselves.
If, as I mentioned on Friday, the latest EU council has failed to solve the eurozone debt crisis in a sustainable way, what could shock eurozone governments into effective evasive action - or, in a worst case, be the explosion that causes the disintegration of the eurozone?
Tax cuts might be saved, not spent, by debt-ridden consumers, so an increase in public spending could be more effective.
Patrick Crowley, from York Hospital, said debt levels meant less money for hospitals, making it difficult to deliver "safe and effective care".
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