Word: budgeting
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...sharpest drop in history. Worse yet, Faust predicted continued gloom for the endowment, with a forecasted 30-percent drop for the fiscal year ending in June 2009. At the same time, current estimates call for the Faculty of Arts and Sciences (FAS) to make next year’s budget about $200 million thinner. In other words, add Mass. Ave. to the cliché about Wall Street and Main Street. Faust’s original letter sounded hopeful yet sober, and we feel the same. For all our complaints and cynicism, universities are in the business of helping people through...
...York Times is to be believed, President-elect Barack Obama is preparing to do the unthinkable: cut the defense budget. According to David Sanger ’82, Obama selected his foreign policy trio—Hillary Clinton at State, Robert Gates at Defense, and Jim Jones as national security adviser—based on their shared determination to shift resources from the military to diplomacy...
...Finally, ballistic missile defense is very, very expensive. The non-partisan Government Accountability Office estimates that $107 billion was spent on missile defense by 2007, and another $49 billion will be spent if the program continues until 2012. The yearly $10 billion program budget alone is more than twice the yearly State Department budget for the Foreign Service. When more funds are being allocated to failed weapons systems than to the nation’s diplomatic corps, something has gone wrong...
...While Obama is to be commended for wanting to cut the Pentagon budget, he should do more than just cut. He should cut intelligently, promoting innovative programs that are key to modern peacekeeping and state-building and scrapping those that are proven failed or outdated. A program such as missile defense, both an obvious error and a relic of the Cold War, should be first on the chopping block...
...Sunni and Shi'ite deputies in the presidential council have publicly chastised Maliki over the tribal gatherings. In late November, they demanded that Maliki suspend the pro-government groups until their legality could be determined. "For us to begin today to form councils paid for by the national budget to assume a role that has no known institutional or legal place, this is a situation that needs a serious pause," the council said in a statement posted on its website. The Prime Minister's critics say the so-called Support Councils are a blatant bid to buy influence...