71. But then, as soon as Mikhail Gorbachev began appearing in Pizza Hut commercials, a reliable budget deficit was on the way out as well. 72. But there is very little perception that there might be the threat of recession from within the U.S., in particular that the widening trade deficit might be unsustainable. 73. But they agreed that such a deficit was possible. 74. But they said they expected the deficit to be substantially lower than they had previously projected, for the fifth year in a row. 75. But this deficit was too large even for King Kong. 76. But what if a deficit is forecast and Congress cannot agree on action to prevent it? 77. But without those income increases, the cash deficit must be resolved, the Martins warned. 78. By international standards the American budget deficit was not all that big, he said, and higher interest rates could hurt the economy. 79. But yes, by and large the deficit is home-grown. 80. Canadians pay comparatively higher interest rates than Americans because their deficits are proportionally higher in their economy. |