Last year, for the first time since President Reagan saved the program in 1983, Social Security began running a cash deficit.
Last year, for the first time since President Ronald Reagan saved the program in 1983, Social Security began running a cash deficit.
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That is the total of the average annual accrued liabilities of just the two largest entitlement programs, plus the annual cash deficit.
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Couple this growing debt burden with the immense annual cash flow deficit and one can see how the U.S. Federal Government is playing a very dangerous game.
One of the major financial challenges for the Two Headed Dragon is that its debt burden continues to increase to support the deficit cash flow until the time it collapses or until the cash flow becomes positive.
The government takes the cash and uses it to cover its deficit spending.
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Will they blame the Westminster government, which gives Holyrood its cash and which would argue that cutting the deficit is urgent?
According to the Wall Street Journal, Apple wants to do its part to add to the U.S. deficit by not paying taxes on cash that it holds overseas.
When the government spends in deficit during recessions, it is not borrowing cash to buy something it could not otherwise afford.
In the Keynesian model, the money government borrows to finance the additional deficit spending magically appears in the form of cash in exchange for government bonds.
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Cyprus needs cash to bail out its banks and patch a government budget deficit.
In contrast, the portion accruing to corporate profits was the biggest since 1950, showing companies are hoarding cash as concern grows that a European country will default on its debt and that deficit-reduction gridlock in Washington will continue, Bloomberg reported on Friday.
In the immediate future the government's problem is that it cannot afford to inject public cash into projects designed to stimulate growth if it is to keep a squeeze on the budget deficit.
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Because for there to be enough money for the deficit nations to borrow cheaply, there must be an AAA rating and a 30% cash-to-loan deposit, as I understand it.
Its firms might be more willing to spend their cash if they had a clearer sign from Mr Obama how he intends eventually to close their country's fiscal deficit (and the extra taxes that might entail).
What is clear is that the pace of reform in Greece is behind the curve and the reduction of the deficit is proving hard to enforce as so much tax revenue vanishes because transactions are not booked through a cash register or special prices are established for cash based i.e. no trail transactions.
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