Word: budgeting
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...that represent commercial moviemaking as it is, was and would like to be. The "is": The Dark Knight, which has earned more than a billion dollars at the worldwide box office (in the process becoming the second highest grosser in film history, after Titanic), and which represents a big-budget action picture as only Hollywood can make them. The "would like to be": the message films Milk and The Reader, which hammer home Hollywood's liberal views on gays and its unslakable fascination with the Holocaust. And the "was": Slumdog. With its skimpy budget ($14 million) and mongrel pedigree...
President Barack Obama often induces comparison to Abraham Lincoln. However, his recent announcement of a budget schedule that slices the deficit by one-half aligns him with a less celebrated commander-in-chief: Herbert Hoover. Hoover, the man whose infamous attempt to balance the budget in the face of skyrocketing unemployment and a deepening recession pushed the American economy over the edge into the Great Depression, is hardly a good example for our new president. Obama’s plans will not necessarily launch our economy into a depression. He is attempting to slash the deficit, not eliminate...
President Obama’s announcement this weekend that his administration aims to cut the federal budget deficit in half by the end of his term may come as a surprise given the current economic crisis. Decreasing the current budget deficit, however, is important for the long-term health of the U.S. economy. The 2009 budget deficit is expected to reach $1.5 trillion—and cutting this in half by 2013 will be challenging. Still, it is heartening to see that, although the administration began its term by passing a $787 billion economic stimulus bill, it is making concrete...
...heels of a massive economic recovery bill last week, Obama’s announcement that he will drastically cut the budget deficit over the course of his presidency seems highly difficult to accept. Fortunately, the administration has made it clear that it has proposals on how to reduce the deficit, and we are hopeful that it can actually accomplish these promised cuts. Reducing the federal budget deficit is essential to maintaining a healthy economy in the long term...
...also admirable that the Obama team has chosen to be more forthright than the previous administration when it comes to deficit accounting. The announced changes to budget deficit calculation—which will now include the costs of the wars in Iraq and Afghanistan in addition to other previously hidden government spending—is certainly a step toward more transparent government. Their commitment to reducing the deficit in fact as well as on paper is essential to making real improvements in fiscal responsibility...