Word: budgeting
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Castellanos cited Palin’s experience as governor of Alaska overseeing a $10 billion budget and 24,000 employees as proof of her qualifications...
...codes down to the last decimal point and sketching health-care reforms far beyond the power of any single person to enact. In their imaginary, reassuring cosmos, America is always a mere 10 years - and one new President - away from energy independence. And the ills of the federal budget can be cured simply by having an eagle-eyed leader go through it line by line. (See the next President's to-do list...
...instant, the winner is sucked through a wormhole back into the real world. A world in which Congress, not the President, writes all the laws and gets the last word on the budget. Where consumers decide which cars to drive and how many lights to burn. And where the clash of powerful interest groups makes it easier to do nothing about big problems than to tackle them. Even the strongest, wiliest, most effective Presidents must change shape and shift direction to accommodate these and other forces. An ability to alter course without losing one's way is essential to presidential...
...chief economic advisers to McCain and Obama met recently for a debate, they found little to agree on. But they shared the realization that the new President's options will be severely constrained by an economy in turmoil. Douglas Holtz-Eakin conceded that McCain's promise to balance the budget in four years is off the table. "The events of the past few months have completely thrown a wrench into that - there's no way round it," he said. Austan Goolsbee, who counsels Obama, spoke grimly of "the hole we've dug" as a nation...
...police action in Somalia turn into a national embarrassment. The Republicans saw all this, hauled themselves up from the canvas and, led by Gingrich, pounded Clinton and the Democrats in 1994. Eventually, Clinton delivered on much that he promised: he put 100,000 cops on the street, the budget was balanced, "welfare as we know it" was ended, and the economy boomed. But his weak start left him damaged in ways that shaped his entire presidency...