These currency movements offset the trade deficit by eventually bringing all of the dollars home.
India also needs to keep rates high enough to attract foreign capital and offset the current account deficit, in order to keep the rupee from weakening and making inflation worse.
India also needs to keep rates high enough to attract foreign capital and offset the current-account deficit, in order to keep the rupee from weakening and making inflation worse.
Democrats, especially the fiscally conservative "blue dog" coalition in the House, demanded the relief adhere to the House's "pay-go" rules, which require spending increases to be offset without adding to the deficit.
Their study, published by the prestigious American Economic Review, focused on tax changes meant to either increase the rate of economic growth (not simply offset a recession) or to reduce the budget deficit.
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The emergency nature of the spending bill means the money is not offset by tax revenues and is added on to the federal deficit.
As with past natural disasters, the Sandy aid bill is not offset with spending cuts, meaning the aid adds to the deficit.
This would involve a multibillion dollar purchase of off-the-shelf American military hardware like Airborne Warning and Control System aircraft and tankers adding immeasurably to the defense of the Western Pacific, offering greater flexibility to U.S. forces otherwise committed to protecting Japan and helping to offset somewhat the yawning balance-of-trade deficit.
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Business and personal saving are not sufficient to offset the negative public saving, as measured by the budget deficit.
Public saving was offset by private dissaving, ensuring that the country's trade deficit continued to deteriorate.
And does he believe as a matter of policy it should not be offset with any spending cuts, it should be added to the deficit?
That is to embed in law the common sense principle that any new proposals or new tax cuts need to be offset so that they don't cause a deterioration in the budget deficit.
So the hope had been that weaker demand in deficit countries would be offset by faster spending from hitherto prudent German firms and consumers.
If the President is calling for that, which are spending programs, would it not be responsible to offset that spending with cuts elsewhere -- if the President is concerned about the deficit -- debt and deficit, as he also has said, including in his Saturday address to supporters?
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