Center officials had said that guaranteed work would amount to featherbedding, which would add to the center's chronic deficit.

The agency's chronic deficits were reversed, and by 2010, it maintained a reserve fund of around us$1.75 billion.

It was passed last year to help close the government's chronic deficits and pay for social programs.

In recent years he has eagerly sold other county property, including land, the hospital and a nursing home, to help plug his chronic deficits.

Those companies are blamed for most of the nation's $35 billion foreign debt and chronic deficits estimated at up to $2 billion annually.

Italy, he said, is unlikely to lapse into chronic deficits, if only because it would drive up the cost of government bonds.

In response, Nassau County officials have promised to come up with the major structural changes needed to close the chronic deficit.

These problems are: globalization, the revolution in information technology, the nation's chronic deficits, and its pattern of energy consumption.

That amount, it believes, will spin off the income necessary to make up chronic deficits that ran to $600,000 a year.

But few economists think the chronic deficit with Japan is a problem or something that trade policy can fix.