Word: affords
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Dates: during 2000-2009
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...June's Senate debate over the Warner-Lieberman Climate Security Act, the first carbon cap-and-trade bill to get a real hearing in Congress. The main question posed by the bill was economic: how much would capping and bringing down carbon emissions cost the U.S., and could we afford it? (As Pooley writes, these days "the economics of climate policy - not the science of climate change - is at the heart of [the] story.") In the months leading up to the debate, both sides - those in favor of strong action on climate change, and those against - released economic studies that...
...mechanics of this new health-care system may be more efficient, the overall insurance plan may not be. Some argue that many remain uninsured because they simply decide not to buy insurance—perhaps because of young age, for example. To avoid paying for those who can afford insurance, Obama’s team should encourage Congress to include a market mandate, which would require Americans to opt in to plans they could afford. This would help to avoid subsidizing those who do not need subsidies...
...million jobs lost since this recession began," Obama said. "Or maybe a child gets sick, or a spouse has his or her hours cut. In the past, if you found yourself in a situation like this, you could have sold your home and bought a smaller one with more affordable payments. Or you could have refinanced your home at a lower rate. But today home values have fallen so sharply that even if you make a large down payment, the current value of your mortgage may still be higher than the current value of your house. So no bank will...
...modern image of the middle class comes from the post-World War II era. The 1944 GI Bill provided returning veterans with money for college, businesses and home mortgages. Suddenly, millions of servicemen were able to afford homes of their own for the first time. As a result, residential construction jumped from 114,000 new homes in 1944 to 1.7 million in 1950. In 1947, William Levitt turned 4,000 acres of Long Island, New York, potato farms into the then largest privately planned housing project in American history. With 30 houses built in assembly-line fashion every day - each...
...University of Pennsylvania to discuss the rescue of the middle class. Their first task? Creating green jobs. The committee believes that building environmentally friendly homes will help decrease middle-class homeowners' electricity and heating bills. That is, of course, if they have a home they can still afford. Read TIME's 1986 article on the middle class...