Word: ballooning
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...proposal like Alexander's might have been possible. But no more. "Sixty-seven percent of the kids in Detroit are on AFDC in the course of a single year," he says. "The Catholic bishops will tell you they can't take care of that." Worse, Alexander's plan could balloon the deficit. His charity tax credit, much of which rewards people for gifts they'd make anyway, would cost $20 billion a year. And thanks to soaring Medicaid costs, the federal-state swap he proposes could add another $50 billion to the deficit...
...would rule the skies. "Rather than incremental changes, they tried to reinvent the system," says Mike Connor, NATCA's director of safety and technology. "They were trying to computerize everything, but you can't computerize human reasoning or decision making." After investing $2 billion and watching the projected costs balloon from $8 billion to $37 billion, still with no functioning system in sight, the FAA pulled the plug...
WHAT COULD BE POLITICALLY incendiary about a sweet little Iranian movie that tells the story of a small girl looking for some lost money? Not a thing. Yet Jafar Panahi's The White Balloon has become the victim of an international skirmish over the U.S.'s alleged efforts to destabilize Iran. That country's Ministry of Culture and Islamic Guidance has announced that The White Balloon, submitted as Iran's entry in the foreign-language category of the Oscars, was being withdrawn. In response, the Academy of Motion Picture Arts and Sciences said it would not allow a film...
Panahi, formerly an assistant to Iran's master filmmaker Abbas Kiarostami (who did the script for The White Balloon), labors under a far more censorious burden than any Hollywood director. Yet his sly comedy is wonderfully open to life's coincidences and consequences; it shows an uncondescending interest in children even as it is alert to their gamin guile. His film deserves viewers, supporters--perhaps even a statuette...
...result, the budget deficit would no doubt balloon under his flat tax. This would then drive up interest rates since the government would need to borrow more money to finance the deficit and to do this would have to offer higher interest rates to lenders. These higher interest rates would then lower investment, which depends primarily upon the interest rate, and undermine the supply-side effects of the flat tax. The end result, of course, would depend on the size of the deficit, but in all likelihood investment would decrease and economic growth actually fall...