Word: beltings
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...Federal Reserve does. Presidents cannot dictate their own budgets (as Prime Ministers can in parliamentary systems like Britain's); here, Congress has the ultimate say. Even worse, more than half the federal budget goes to entitlements and "transfer payments" like Social Security, where government is merely a conveyor belt transferring money from younger workers to older folks. What is left, "discretionary" spending, is a mere 8% of the $11 trillion economy Presidents are reputed to control...
Berman said FAS continues to operate under a tight fiscal belt, having already taken on such major projects as the curricular review, expansion of the Faculty and construction in the North Yard. And the relatively small surplus of $2.3 million posted by FAS last fiscal year has led administrators to reign in certain areas of the budget...
...less time than it takes to turn blueprints into buildings--usually about five years. But there was worse to come. Over the next few years, proposals to expand the Whitney Museum in New York City and reconfigure the Los Angeles County Museum of Art also fell victim to belt tightening. A proposed Manhattan hotel was canceled...
...younger Scott has consistently stamped what would otherwise be soulless B-movie fare with a surprising sense of heart, producing a distinctive brand of assured and inventive commercialism. With Top Gun, Beverly Hills Cop II, True Romance, Crimson Tide, Enemy of the State and Spy Game under his belt, Scott has become explosive popcorn’s answer to Tom Hanks...
...strain is consistent with Dean of the Faculty William C. Kirby’s cautioning about the College budget. In his 2003 Annual Letter, Kirby warned of impending belt-tightening...