Word: bille
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...there are few things more annoying than pundits in the democratic U.S., who are firmly protected by the Bill of Rights, waxing poetic about the virtues of dictatorships. What they're forgetting is the frightening downside to China's authoritarian state capitalism, and not just in terms of human rights. China's stimulus program might have produced growth, but it could very well have undermined the health of the banking system. The Chinese economy is riddled with excess capacity, inefficient state enterprises and asset bubbles...
...however, something interesting happened. Bill Clinton was finishing his last year as President. The Dow was up (and many predicted that it would keep rising). Other normal things were probably happening all around the world and at Harvard. It was in these times that the phrase made its way to Harvard by way of the most unsuspecting of mules: candidates for the UC, members of Theta, and HAA concentrators who needed to maintain friendship networks to populate the art shows they would eventually host in places like Santa Fe, Seattle, and any other up-and-coming metropolitan area featured...
Harvard lobbyists—working with a consortium of other universities and agencies while legislators drafted the stimulus bill last year—argued that research plays an important role in driving economic growth and development...
...reversed his position on practically everything lately. The Senate Republicans then proceeded to vote unanimously against a provision, attached to a necessary increase in the debt limit, that would force Congress to pay for every new initiative it enacts. This "paygo" provision was the law of the land when Bill Clinton was building budget surpluses (in fairness, he inherited it from the equally responsible George H.W. Bush) - and was abandoned when George W. Bush started building the alpine deficits that plague us today. The hypocrisy of all this was staggering, even for politicians...
...that will decide the politically loaded question of whether reform actually saves the Treasury money or instead adds to the deficit. (So far, the CBO has given it a thumbs-up.) The President has focused even more attention on the CBO's numbers by insisting that any bill reaching his desk not add to the deficit over the next 10 years. Obama has even set a target - an overall price tag of $900 billion or less - that has put lawmakers in the position of tweaking and twisting every line of the health care bill so that it comes in under...