It can only exist until the voters discover that they can vote themselves largesse from the public treasury.
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If only half the transacted value is being reported to the taxman, the public treasury is being drained of literally hundreds of Billions of sorely needed funds every year.
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There is no reason why defending the right of money changers to operate free from onerous regulations should translate into letting the counterfeiters run amok and the temple priests loot the public treasury.
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And secondly, I'd ask him for his honest views on whether, at this time in American history, we should be repealing the estate tax or whether he thinks that great wealth should not pass from generation to generation without some piece of it being nicked for the public treasury.
Sir Nicholas MacPherson KCB, permanent secretary, HM Treasury and Sharon White, director general public services , HM Treasury.
On the competitiveness front, Paulson has held several highly publicized conferences to let the public know that Treasury wants to ensure America retains its edge as a destination for international investment.
The Public Accounts Committee said the Treasury had embarked on a "series of expensive experiments indemnified with taxpayers' money".
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In addition, the Treasury's Public-Private Investment Program (PPIP) plans to subsidize the purchase of banks' "toxic assets" by hedge funds and other investors.
"I think it is a really good step in the right direction and a much better deal for people who work in the public sector, " shadow Treasury minister Rachel Reeves told the BBC.
The public accounts committee criticised the Treasury for providing figures that were "too dated", because of the 20 months it took to get them published, and complained that some major costs were omitted such as the publicly-owned banks and Network Rail.
The Chief Secretary to the Treasury told the Public Administration Committee on 25 February 2010 that - although the country is facing the sharpest public spending crunch for 20 years - he felt there could be a "degree of confidence" because of the investment that had been made in public services over the past decade.
Bitter experience shows that private rail investment is risky, but if high-speed schemes require public funding, they are likely to find the Treasury's response more than usually terse given today's straitened public finances.
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The IRS has authority to write Treasury Regulations following the public notice and comment procedures set forth under the Administrative Procedures Act.
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The public thinks of these Fed and Treasury programs as government spending, but they really were loans and investments ultimately profitable loans and investments.
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The Treasury has previously announced public sector staff will pay an average additional contribution of 3.2% of their salaries, phased in between 2012 and 2014.
The Fed would contract its balance sheet by selling interest-bearing Treasury securities back to the public.
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Meanwhile, greater transparency about public spending is making theft from the treasury harder.
MPs acknowledge that the Treasury is guardian of the public purse and must ensure that taxpayers' money is spent efficiently.
That was ruled by the Treasury as falling outside the public sector borrowing requirement because it claimed the risk of default was so small.
Later, to refute rumors that he had granted the couple special favors while he was Treasury chief, Hamilton went public, publishing a pamphlet explaining the sordid affair.
The ability to sustain this higher spending on public services also depends critically upon the Treasury's ability to constrain the real growth in annually-managed expenditure to 1.2% a year.
That the budget deficit is within the limit at all owes much to falling interest rates (which have brought lower interest payments on the public debt): 12-month treasury bills yield 4% net today, compared with 6.4% 18 months ago.
"Whether the inappropriate criterion was shorthand for all potential political cases or not, developing and using criteria that focuses on organization names and policy positions instead of the activities permitted under the Treasury regulations does not promote public confidence that tax-exempt laws are being adhered to impartially, " the report said.
To muster that public support, the White House, Treasury Secretary, and Fed Chairman Bernanke constantly bombarded the nation with speeches, and testimony before Congress, about how terrible things were, with the economy teetering on the brink of a depression, and the stock market in a serious bear market since its 2007 top.
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The Treasury's concerns over whether public finances would be secure is one that Alan would share.
Instead, the health department goes to Alan Milburn, formerly the Treasury minister in charge of controlling public spending.
However, the committee did acknowledge that the Treasury had managed to cut the public purse's exposure to bank guarantee schemes in the wake of the credit crunch, and was doing better at holding on to key staff.
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This frees up room under the debt limit and allows Treasury to issue additional securities to the public and raise cash to pay federal obligations.
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The Treasury has defended its plans to restore public finances.
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