Word: budgeting
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...Financial Crisis and Budget Cuts...
...recession is hitting Las Vegas on all fronts. Nevada legislators have struggled to close a deficit of more than $1 billion in the 2009 budget. Budget projections for 2010 and 2011 also look grim. Construction on Boyd Gaming's $4.8 billion Echelon resort was stopped last August just as three of its towers reached the 12th floor (the tallest would have risen to 55 stories). Construction won't resume until 2010, though the cranes will remain towering above the site (it's cheaper to leave them in place - and these days no one else in town needs them...
...known as an unwavering conservative, but he often worked across the aisle. In the 1990s, he and Senator Joe Biden collaborated on significant U.N. reform, and at the end of the Clinton presidency, Helms and his fellow Republicans achieved a balanced-budget agreement, something he had fought for since his first day on Capitol Hill...
...crippling legacy that is proving hard to unlearn. Many Cabinet ministers still sign off on minutiae like restocking their office supplies, while the lack of digitization in some government bureaus is almost Monty Python-esque. In Diyala, the governorate's billion-dollar budget (the amount is cumulative because the budget has not been executed over three fiscal years) was being administered by a single accountant who had "a pencil, an eraser and a huge ledger," says Hunt...
...these wars, we have relied on supplemental appropriations for far longer than in the case of past conflicts," says Steven Kosiak of the CSBA, one of Washington's top defense-budget analysts. "Likewise, we have relied on borrowing to cover more of these costs than we have in earlier wars - which will likely increase the ultimate price we have to pay." That refusal to spell out the full cost can lead to unwise spending increases elsewhere in the federal budget or unwarranted tax cuts. "A sound budgeting process forces policymakers to recognize the true costs of their policy choices," Kosiak...