Word: deficit
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Dates: during 2000-2009
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...truth and has resorted to increasing tuition costs by an additional $2,500 for the next academic year, a proportional increase of about a third for in-state students. This is an unsavory solution to an unavoidable problem—the Golden State faces empty coffers and a projected deficit in the tens of billions and must make cuts across the board to stay afloat. However, while some tuition increases might be necessary, the in-state students of the University of California system should be the last to suffer. They are members of tax-paying households in California and should...
Still, President Franklin Roosevelt - who rode into office on a platform of deficit reduction - initially hedged his bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best engine to boost consumer demand and create jobs, Roosevelt balked. (Two years later, the economist - John Maynard Keynes - published that advice in his seminal work, The General Theory of Employment, Interest and Money, which revolutionized economic thought by debunking the widely held belief that the market naturally tends toward full...
...result overshadowed a strong comeback. Down 21-7 with 8:16 left in the first half, the Crimson went on a 12-2 run to reduce the deficit to four points, as Army led 25-21 at the half. Harvard continued to rally into the second half. After co-captain Doug Miller’s traditional three-point play put the team up 30-29, McNally kept the momentum going as the Crimson extended its margin of lead up to six points...
...favor of the Crimson, and Harvard later went on a seven-point run to take a 17-10 lead—capped by a Webster three with 12:46 to go. But the Bulldogs wouldn’t go away without a fight, cutting the deficit to 17-16 two minutes later...
...President Mark G. Yudof said the tuition increase is unfortunate: "When you have no money, you have no money." And the budget woes in Sacramento continue. California's budget analyst announced this week that the state is facing another huge deficit next year - $21 billion of red ink. (See pictures of college mascots...