But, due to CBO scoring conventions, the money it generates appears to both make the Medicare Hospital Insurance (HI) Trust Fund appear more solvent and reduce the general fund deficit.
Simple, soften them up with a long campaign about how a pension fund deficit is threatening the future of the company - and therefore their jobs - then ask them to pay more for their pensions.
Even while Governor Brown brags of a balanced budget, he ignores the off-budget pension fund deficit which threatens loss of government services and closure of parks and libraries, prompts municipal bankruptcies, and keeps the state deeply in debt.
Even Saudi Arabia needs to increase its oil quotas to fund its deficit spending.
Mitchell, in his unfortunate video says that if the government did not borrow more to fund the deficit this money would go into the private banking system, be lent out and have a better economic effect.
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The additional Treasury debt issued by the United States in recent years (the debt required to fund our deficit) has been overwhelmingly purchased by the U.S. Federal Reserve, which rebates all interest payments to the Treasury.
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The cuts were created in negotiations over a 2011 bill that raised the US debt ceiling, the legal limit that America is allowed to borrow to fund its budget deficit.
The requirement that banks must hold up to about a quarter of their deposits in government bonds was no longer denounced as a racket to help fund the budget deficit but instead hailed as an enlightened form of liquidity management.
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Now the bulk of that borrowing is to fund the government's deficit, rather than to refinance existing debt.
Although it is technically illegal, there is no economic reason why the trust fund should not run a deficit.
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That makes the economy more exposed to external shocks, such as swings in confidence among the foreign investors who fund the bulk of the deficit.
Lower growth than that would make the public debt harder to bear and scare off the foreign capital that India needs to fund its current-account deficit and pay for its imported energy.
The taxes the Democrats want would, if enacted, fund just 10 days of the deficit.
Graham's amendment establishes a deficit-neutral reserve fund to broaden the effects of the spending cuts.
The key question is how to fund it sensibly given the current deficit.
At the time, this was considered a victory for the highway lobby, since Congress had been allowing unspent money to accumulate in the Trust Fund to make the federal budget deficit look smaller.
It is essential that Britain cut its large budget deficit, says the fund, though it would prefer a more growth-friendly tilt to austerity, such as cuts in public wages to pay for investment.
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India is financing its current-account deficit with volatile foreign fund inflows into the capital markets rather than foreign direct investment, which is a matter of concern, Mr. Subbarao said at an event in Mumbai.
That means the Fed is on course to fund about 75% of our annual deficit!
On its definition of deficit-cutting, the fund finds that fiscal contraction tends to reduce GDP and increase unemployment.
Only six months ago, the Fund thought Britain's current account deficit in 2013 would be "only" 2.7% of GDP.
If the government wants to spend more (such as to fund a war) without creating a deficit, revenues must be increased or spending reduced.
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In 2010, the Social Security system ran its first current account deficit since 1983, and for the first time since the reforms the deficit was covered by redeeming Trust Fund bonds.
If the Medicare cuts are counted toward deficit reduction, then the Medicare trust fund will go bankrupt in 2016.
Privately, and publicly, the Fund supported Spain's recent decision to raise its deficit targets.
It is already clear that the Pension Fund will, at least until 2025, remain in deficit says a government official.
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And also, if you could clarify your Social Security position -- would any of the money from Social Security, even from just Chained CPI, go toward the deficit as opposed to back into the trust fund?
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But once the state has eliminated its primary deficit, it will not need external finance to fund its day-to-day operations.
That allows the Treasury to claim the chancellor has already followed the Fund's advice, since the Fund now forecasts he will make slower progress cutting the structural deficit over the next few years than previously thought.
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