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Begg sees a deeper purpose behind the blame game, as politicians try to mitigate the public criticism that will accompany the inevitable austerity measures needed to fix the Greek and Spanish economies. "There is an Italian concept of vincolo esterno, or external constraint," he says. "It is a device a canny politician can use to say, 'We must do this or we will be eaten alive.' Although the conspiracy theories are preposterous, they help prepare for the reforms which are needed...

Author: /time Magazine | Title: What Caused the Euro Crisis? | 2/26/2010 | See Source »

...sensitive to the fact that Congress has its prerogatives. We're trying to nudge them in the direction of rationalizing our transportation knowledge - particularly in a time of fiscal constraint. And by the way, that's a principle that's going to apply, Joe, to all of government. You mentioned earlier the pivot that we have to make. It's not driven by politics. We had to do what we had to do last year, whether it was politically popular or not. Now that we have begun the recovery process and the economy has stabilized, we have to deal with...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...health reform. Any bill that passes under the reconciliation process must be deemed by the Congressional Budget Office to pay for itself in the next six years. (By comparison, a bill that passes under regular procedures has an 11-year window.) As a result of that tighter fiscal constraint, Conrad said, any bill that passes under reconciliation would likely provide "dramatically less health reform." And the parliamentary hurdles are high. Opponents would have the power under Senate rules to strike every provision of the bill that cannot be shown to reduce the federal deficit. The result, Conrad said, could look...

Author: /time Magazine | Title: Can Democrats Pass Health-Care Reform on Their Own? | 7/9/2009 | See Source »

...constraint has been money. It's always money. I wanted to do a biopic on Jackie Robinson. I want to do a biopic on Joe Louis and Max Schmeling. I want to do a biopic on James Brown. If Hollywood studios don't think that they're going to make money on it, they're not going to give you the money. Simple as that...

Author: /time Magazine | Title: 10 Questions for Spike Lee | 6/29/2009 | See Source »

...would all need to navigate between these seemingly incompatible goals: the need “to advance our priorities for teaching, research, and service” and the need “to absorb unprecedented endowment losses and plan for a period of greater financial constraint...

Author: By Diana L. Eck | Title: The Bucket Brigade | 6/3/2009 | See Source »

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