On the other hand, with our deficit now exceeding $400 billion, aren't we sort of out of money?
Many economists see the deficits for 1988 and 1989 exceeding this year's figure.
In each case, the deficit at the time of their departure exceeded $200 billion.
By 1993, the cumulative deficit exceeded $1 million, and the university ran out of patience.
The November numbers put the deficit on track to exceed the record $152.1 billion trade shortfall set in 1987.
The move is required by state law whenever a city's deficit exceeds 4 percent for two consecutive years.
The governor told legislative leaders that the deficit in the coming year could exceed $21 billion.
But in the first half, the deficit exceeded the government's goal of $1.42 billion by $10 million.
However, such debt or deficit must not exceed the agreed limits.
The annual deficit he had to make up never exceeded $52,000.