Profligate governments, for instance, cannot use the central bank's printing presses to fund large deficits.
It is those attributes that have historically allowed countries with gold-defined money to run up large deficits.
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It is a little-known fact that the U.S. Federal government has used printing-press finance whenever it ran large deficits.
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This is why it is necessary for the government to run large deficits.
The cost of these programmes needs to be checked, or else large deficits will reappear when the baby-boomers start retiring.
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He worries that such large deficits could crowd out private-sector investment and push up interest rates in the longer term.
The increase in internal consumption in China is being done in an orderly and planned way so that large deficits are not built.
In the 1990s, statutory PAYGO encouraged the tough choices that helped move the Government from large deficits to surpluses, and it can do the same today.
The most intellectually coherent argument of the critics is that the Reagan boom was really just the effect of the large deficits during his years in office.
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Tomba was famous for his daring charges in the deciding second runs of his races, often making up large deficits from the first leg to storm to victory.
Some countries are running large surpluses, others running large deficits.
The United States is not in a position to help the European Union right now, the country has a great deal of debt and is still running large deficits.
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Big increases in government spending associated with the Great Society programs, the war on poverty, the Vietnam War, and the Space Race, resulted in large deficits (by 1971 standards of course).
Until recently, these large deficits appeared only in wartime.
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Marine leaders are determined to get the program rolling despite partisan wrangling and large deficits, because they know that if the Corps lacks a credible ship-to-shore capability, then enemies will seek to exploit that weakness.
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The examples of Canada and Sweden show that it is possible to reduce large deficits in public spending but this was achieved by ensuring that no service areas was considered "off bounds" for potential cuts.
This has profound implications for those countries struggling to deal with large government deficits, large trade deficits and a desire on the part of individuals and businesses to reduce their debt, while wanting the government to curtail its spending.
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We can see a similar sort of thing today, where the U.S. government has been running very large budget deficits, with the resulting bond issuance in large part absorbed by foreign central banks.
The RBI in the past has said that the large twin deficits make cutting rates difficult.
Germany's already-large budget deficits cannot be sustained indefinitely at such low rates of economic growth, much less increased.
Clinton supporters, meanwhile, note that he turned large federal deficits into surpluses and presided over a booming economy.
For Mr Snow, that translated into promoting Mr Bush's tax cuts despite large budget deficits (though these have declined recently).
And that is especially true when a government runs large fiscal deficits.
Most Democrats, and some moderate Republicans, have been concerned that the president's tax cut proposals would create large budget deficits in future years.
Now the bond market is quite sensitive to the very large government deficits - and more fiscal packages would only make matters worse.
Ghana's 12-place decline in the index is blamed mostly on its worsening macroeconomic situation, characterised by large fiscal deficits, rising public debt and high inflation.
Some of them are also running large budget deficits themselves.
Tax plans that boost federal receipts ensure large budget deficits as far as the eye can see, not to mention a federal government whose size will continue to astound.
Mr. Lee said that he appreciated the need for federal spending in response to Sandy, but that large federal deficits made it necessary to cut spending to pay for it.
Normally, massive Fed lending and asset purchases along with large budget deficits would be highly inflationary, but, so far, these actions have not led to excessive money creation, which is what causes inflation.
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