Word: stimulus
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...Office's quasi spin-off Parks and Recreation applies the same technique to politics, with Amy Poehler playing an overzealous Indiana bureaucrat seeking to build a park on an abandoned development site occupied by a giant pit. (Throwing stimulus money into a literal hole in the ground left behind by the real estate bust: it's the official sitcom of the Great Recession.) And Modern Family, a hilarious new mock-doc on ABC, adapts the style to domestic comedy. When one half of a gay couple blames his weight gain on a nesting instinct spurred by their adoption...
Then come the tax breaks. The stimulus bill approved in February included an $8,000 tax credit for first-time home buyers - at a cost of about $14 billion for the year. That's set to expire, but there's talk in Congress of extending or even expanding it. A much bigger deal is the income tax deduction for mortgage interest paid - which has been with us as long as there's been an income tax - at a cost estimated by the Congressional Joint Committee on Taxation at $80 billion this year. The deduction for property taxes costs an additional...
...avoid the threat of the racial Balkanization that you describe? We have a golden opportunity now. If I were an elected leader, I would say we have $800 billion in stimulus money that could rebuild America. We don't want to build communities in such a way that continues segregation. After World War II, President Eisenhower built highways and gave incentives to homeowners that gave white suburbanites an advantage. It left us with segregation for decades to come. Now we have an opportunity to get it right...
...India, the Reserve Bank of New Zealand, the Monetary Authority of Singapore - and perhaps several months down the road, the European Central Bank. As economies recover and jobless rates fall, most policymakers will raise interest rates to head off the inflation that could result from the massive fiscal stimulus spending launched by governments around the world to combat the global recession. (See pictures of the global financial crisis...
...this moment, many Americans are longing for a President who is more bully, less pulpit. The President who leased his immense inaugural good will to the hungry appropriators writing the stimulus bill, who has not stopped negotiating health-care reform except to say what is nonnegotiable, whose solicitude for the wheelers and dealers who drove the financial system into a ditch leaves the rest of us wondering who has our back, has always shown great promise, said the right things, affirmed every time he opens his mouth that he understands the fears we face and the hopes we hold...