Word: stimulus
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...chances of American defaulting on any portion of its debt are small, if the recession drags on the odds that the government will have trouble raising money to finance the deficit will rise. To keep its credit rating, the American government will be faced with curtailing many of its stimulus programs or sharply raising the tax burden. Either action could slow any recovery making a burgeoning deficit a "Catch 22″ in which no alternative is acceptable...
...spectrum of industries are impossible. When the Treasury or Fed put capital into individual companies or into the purchase of securities in the open market, they use internal models for what they expect in returns. That is the only way for the government to measure whether pieces of the stimulus package are working. In every case when there is a specific sum put into the market there is certainly an estimated return, both an amount and a timeline...
...returns and, under pain of death, could not supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment that is laid out by the Office of Management and Budget. That would mean that the approach to salvaging the economy is freewheeling and subject to only the nonspecific measurements of success...
...this number would be a small fraction of this total. According to Harvard’s Office of Government, Community, and Public Affairs, Harvard received $535 million in federal grants in fiscal year 2008 that accounted for 82 percent of Harvard’s research revenue. Under the federal stimulus package, federal grants to Harvard are expected to increase considerably. Non-federally funded research is made possible through tax deductions on donations made by corporations and foundations...
...tell Obama isn't interested in a culture war. He has left gay marriage to the states, dropped family-planning money from the stimulus bill, refused to fund needle-exchange programs and said he wants to "tamp down some of the anger" surrounding the abortion debate. He is inviting all sides to the White House to discuss ways to reduce the number of abortions by reducing unintended pregnancies...