Word: budgeting
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...First of all, the government needs to reconsider its commitment to balance the budget by 2011. While laudable during a period of growth, setting a rigid deadline for fiscal consolidation makes less sense when revenues are falling due to a slumping economy. Cutting spending now to reduce the budget deficit will only make a recession worse. This does not mean Tokyo should return to its failed policies of the 1990s by spending freely on wasteful construction projects and subsidies to special-interest groups. It means only that the government should accept modest deterioration of its balance sheet during an economic...
...dire warnings from Republicans, and that things are considerably less good now. He'll probably mention George W. Bush's efforts to reverse just about everything he did, and suggest they might have had something to do with our national journey from peace, prosperity and record budget surpluses to a quagmire in Iraq, recession in America and record budget deficits...
Sure, it's great for alternates, and it's a power move for Arnold Schwarzenegger, but the real importance of the 31 delegates who are California state senators and assembly members being forced to stay home and work on the way-past-deadline California budget is this: There are suddenly available hotel rooms in Denver...
...When the Governator, furious that the state's congress can't pass a budget (he's paying state workers minimum wage until one is passed) chastised Democrats for partying while Sacramento burns, the Dems had to give up their hotel rooms or look like lazy, selfish pols. Personally, I'd go for lazy, selfish pols and see Death Cab for Cutie on Wednesday with emcee Sarah Silverman, but then again, I wouldn't want to live in Sacramento and argue about budgets...
...goes crazy today? Not the indie directors, crafting their pensive miniatures. Not the low-budget horror-meisters; their strategy of going-too-far has become an all-too-familiar destination. And certainly not the makers of big action films, as sleek and efficient and fun as they are. That's one of the limitations of machine entertainment like the Anderson Death Race. It can't break the mold it's cast in; it can reproduce only itself. It doesn't take the sublime risk that the audience will stare at the screen going "Huh?"- and, maybe later...