What happens economically when wealth tilts to the top? nationofchange.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationofchange.org Daily Mail and Mail on Sunday newspapers.
Zbyněk Fiala: Past na digi obry roste | ParlamentniListy.cz – politika ze všech stran parlamentnilisty.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parlamentnilisty.cz Daily Mail and Mail on Sunday newspapers.
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HE SCALE of Joe Biden’s plans is hard to exaggerate. Where the American president’s former boss, Barack Obama, pivoted quickly to deficit-cutting after the trials of the global financial crisis, Mr Biden’s first budget, which he unveiled on May 28th, will borrow unapologetically. The plans assume that annual fiscal deficits will exceed 4% of
GDP through to the end of the decade; net public debt will rise to 117% of
GDP in 2030 from 110% today. The largesse raises two big questions. One is whether, coming on top of past stimulus packages, it will contribute to an overheating of America’s economy in the short term. The other important question is whether in the longer term America can prudently afford to loosen the purse-strings for a sustained period. As crisis has hit and interest rates have fallen, politicians have felt more able to run up debts than in the past. But the issue of whether and when limits to borrowing might apply still remains. Recent research casts lig
The Ultra-Rich Are Saving Their Money Instead of Spending It – Now the Middle Class Is 'Buried' In Debt gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.