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Internal debate: the causes of the post-1945 economic boom
... after that; [20] nor through state debts or budget deficits since they fell very sharply during the post-war period; [21] ...
International Review - 2021-11-09 14:48
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Resolution on the international situation adopted by the 24th ICC Congress
... disastrous for capital. In the face of already unmanageable budget deficits, the massive increase in military spending, which the growth of ...
International Review - 2021-09-19 15:25
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World Revolution no.337, September 2010
... over 25%. And so on. The NHS on the other hand has its budget ring fenced. Yet it still has to save £20bn by 2014, from an annual budget of £104.6bn, as no extra resources will be provided for new treatments ...
World Revolution - 2010-09-10 16:45
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Ireland too shows the choice is socialism or barbarism
... Even at the targeted 9.5 percent of GDP this year, Ireland's budget deficit is the worst in the euro zone. This marks a stunning reversal of ... are multiplying. There is to be the second emergency budget in six months on 7 April. The Irish central bank want it to include ...
World Revolution - 2009-04-05 17:21
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Debt, fall of the dollar, rising oil prices: The crisis is getting worse
... “twin deficits” in order to qualify their gravity. The budget deficit has risen to 413 billion dollars after the 377 billion of 2003. ... immediately reverberates into an aggravation of the American budget deficit, much more so because oil is paid for in dollars and it thus ...
World Revolution - 2005-03-07 09:14
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Financial storms, inflation, redundancies: It’s a crisis of the whole system
... projection is from an official source, the Congressional Budget Office. What is not known is what proportion of the poor take up their ... was the biggest for more than a decade and in the recent budget the public sector deficit was raised £7bn to £43bn. Personal ...
World Revolution - 2021-06-05 00:16
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Public Debt Crisis: Capitalism is Heading towards New Convulsions
... and pay tomorrow," and in fact have been covering their budget deficits through public debt more or less forever - which of course does ... has not said so, but its own projections of the governments budget adjustments needed - draconian cuts in expenses, particularly in social ...
Internationalism USA - 2010-01-30 15:17
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Report on the international situation
... the inevitable result of reflation with its massive budget deficits, is a further weakening of the competitive position of the ... round of inventory liquidation will begin. The unprecedented budget deficits necessary to finance the various reflationary programmes have ...
International Review - 2021-03-21 14:02
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Resolution on the international situation (2002)
... been launched in Yemen and Somalia. The new US defence budget is planned to rise by 14% this year and by 2007 will be 11% higher than ... the USA now accounts for 40% of the world total; the current budget is well in excess of the combined annual defence budget of Britain, ...
International Review - 2019-04-28 22:48
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British capitalism clobbered by both Covid and Brexit
... same month a year ago. The increase took the government’s budget deficit … to nearly £271bn for the first nine months of the financial ... some 1.8 million firms in the UK are at risk of insolvency, 336,000 of them at high risk of going bust. Whenever furlough is removed there ...
ICConline - 2021-03-18 09:14