Word: spendingã
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...Under the aegis of reducing “wasteful spending?? and favoring weapons for Iraq and Afghanistan over so-called “Cold War” systems, the administration will cancel further procurement of the world’s best fighter aircraft, end production of its most versatile cargo plane, do away with the flagship military communications satellite program for the next decade, scrap several major missile-defense projects and a search and rescue helicopter project, and significantly delay or cancel many U.S. Navy shipbuilding programs...
...should take the Russians seriously. After all, the last time we stared them down, it took 40 years—and trillions of dollars in defense spending??to “win” the Cold War—a victory that was accompanied by the wholesale economic collapse of the entire region. And the Russian leadership is highly aware of the stakes at hand. Russian Prime Minister Vladimir Putin has accused the US of initiating “a new round of arms race,” and Russian President Dimitri Medvedev has warned that Russia...
...that the Obama team has chosen to be more forthright than the previous administration when it comes to deficit accounting. The announced changes to budget deficit calculation—which will now include the costs of the wars in Iraq and Afghanistan in addition to other previously hidden government spending??is certainly a step toward more transparent government. Their commitment to reducing the deficit in fact as well as on paper is essential to making real improvements in fiscal responsibility...
...Though the 10 percent budget cut is the rate requested for every academic and administrative department, Ennis anticipated instances in which some departments will not be able to “responsibly reduce spending?? by the targeted amount for reasons of “academic priority or other critical issues like risk-compliance management...
...Massachusetts Film Office has been taking such analyses very seriously. The spike in film production spending??an increase from six million dollars in 2005 to nearly 400 million dollars in 2007—has the Office scrambling to meet the needs of film producers, an effort that they believe will be worth the extra attention if the initiative succeeds...