Word: budgeting
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...billion in 2000 to a record $788 billion in 2006 before falling to $731 billion, or 5% of GDP, last year. Political discussion of this shortfall usually focuses on trade agreements and exchange rates. But if the U.S. simply stopped borrowing so much--that is, if Washington balanced its budget and restrained financial companies from loading U.S. households with ever more debt--the current account deficit would evaporate...
...warming. He even once called into question Vice President Al Gore's commitment to the environment because of the White House's "failure to provide any leadership on the clean-air standards and on climate changes." Prior to his time with the Trust, Clapp worked on the U.S. House Budget Committee's environmental task force, where he tried, to no avail, to get the U.S. to ratify the Kyoto treaty. It has since been adopted by most developed nations...
...producer of genius, and not just in his self-marketing - which, don't knock it, is a boon to someone who's essentially an independent auteur. He chooses provocative projects, gets big stars when he needs them, makes vigorous, good-looking films and does it on half a Hollywood budget...
...Full implementation of the policy will take time, Brown said. He cited Yale, which recently implemented a “very inclusive policy” with a speed that created unanticipated challenges. The working group had initially hoped to feature the policy recommendations in next year’s budget. “But I would say, now, there’s a 50 percent chance,” Ruff said. “We’re still in the process of trying to get this policy figured out.” The details of the policy will most...
...corporate tax. The trouble is that his corporate tax cut isn't part of a larger overhaul of the tax code that would reward savings and investment while curbing deficit spending - whether by individuals, private institutions or the government. The cut is only one among many in a budget that is wildly out of balance. How would President McCain convince people that they can't have a bigger flat-screen than they can afford while he's running a government that promises more services than it has money for? Neither McCain nor Obama has put forth any concrete plan...