1. Also, tax shelters bloomed, social programs were attacked, and deficits soared. 2. And largely because of the growth in health costs, the deficits will soar by the end of the decade without further belt-tightening. 3. But the American trade deficit is soaring to record levels even with imported oil the cheapest it has been in many years. 4. Corporate profits will plunge, the trade deficit will soar, Tokyo will topple or, most likely, something utterly unforeseen will stop the parade. 5. Deficits soared. 6. However, the invisible trade deficit will soar because of rising interest payments and a tourism deficit, the institute said. 7. If Italy gets in, and its budget deficit then soared, it would undermine the euro. 8. If the trade deficit soars, it will put pressure on an already overvalued dollar to fall rapidly, stimulating inflation and higher interest rates. 9. In reality, deficits soared when the projections proved overly optimistic. 10. Japan, which once lectured American politicians about the global evils of big budget deficits, is watching in horror as its own deficit soars to new heights. |
|