Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Everett Dirksen"


3 mentions found


Late last month, Senator Mitch McConnell of Kentucky announced that he would leave his position as Republican leader after the November elections. McConnell is not consequential for what he accomplished as a legislator or legislative leader — he’s no Robert F. Wagner or Everett Dirksen. He’s consequential for what he’s done to degrade and diminish American democracy. McConnell, as the journalist Alec MacGillis noted in “The Cynic: The Political Education of Mitch McConnell,” was never driven by ideology. “At some point along the way,” MacGillis wrote, “Mitch McConnell decided that his own longevity in Washington trumped all — that he would even be willing to feed the public’s disillusionment with its elected leaders if it would increase his and his party’s odds of success at the polls.”
Persons: Mitch McConnell, He’ll, McConnell, — he’s, Robert F, Wagner, Everett Dirksen, Alec MacGillis, , ” MacGillis, “ Mitch McConnell Organizations: Kentucky, Locations: Kentucky, Washington
Rich countries are stumbling into a debt trap
  + stars: | 2023-11-03 | by ( Felix Martin | ) www.reuters.com   time to read: +7 min
Unlike many corporations and households, the U.S. government did not lock in the low interest rates of the last decade by issuing long-dated debt, preferring instead to skew funding towards bills and short-term bonds. The second route out of the debt trap is to target the primary fiscal surplus, choosing a combination of spending cuts and tax hikes that will stabilise the public debt. That leaves the third route to debt sustainability – keeping real interest rates low. But in the short run, it allows a government to tame the debt ratio without fiscal austerity, and even if growth is sluggish. Governments are indeed stuck in a classic debt trap.
Persons: Joe Biden, Fumio Kishida, Volodymyr Zelenskiy, Kacper, Everett Dirksen, you’re, Dirksen’s, Stanley Druckenmiller, Joe Biden’s, Peter Thal Larsen, Thomas Shum Organizations: Japan's, NATO, REUTERS, Reuters, Congressional, Office, International Monetary Fund, U.S, Treasury, Reuters Graphics Reuters Graphics, Medicaid, Federal, Bank of Japan, Thomson Locations: Ukraine, Vilnius, Lithuania, Illinois, U.S, Britain
Breakingviews category · November 3, 2023 · 6:06 AM UTC“A billion here, a billion there”, Illinois Senator Everett Dirksen reputedly said of the U.S. budget deficit in the mid-1960s, “and pretty soon, you’re talking big money". The senator would need to do some swift recalibrations were he confronted with today’s American public finances. Last month, the Congressional Budget Office (CBO) reported that the federal budget deficit for the fiscal year ending September 30 had hit $1.7 trillion. Shortly afterwards, the International Monetary Fund forecast that the deficit will continue at the same level for at least the next five years. Meanwhile, government debt has tripled since the senator’s day to around 120% of GDP.
Persons: Everett Dirksen, you’re Organizations: Congressional, Office, International Monetary Fund Locations: Illinois
Total: 3