21. March, however, is usually a month of big deficits. 22. Moreover, big long-term deficits in the social security systems of the United States, Japan and Europe further constrain policymakers. 23. Perhaps there is a case for bringing back the Soviet threat and big deficits, if only to disguise the degree of pork-barreling in Congress. 24. Poland, Hungary and the Czech Republic, in contrast, are more exposed as a result of their big external deficits. 25. So I worry a little bit about the impact of the trade deficit that big for a long time. 26. So far, there is a big deficit in financing for the Argentine array, and little if any financing for Utah. 27. That won the approval of the Bundesbank, which has repeatedly warned against the inflationary consequences of big deficits. 28. The effort to reign in the big deficits has become an effort to reign in government itself. 29. The government will have harder choices on the budget, too, which is already running a big deficit. 30. The old rap on Brown was that she spent wastefully and ran up big deficits at The New Yorker. |