Word: borrowing
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That is all good stuff, for now. But over the long haul, a banana-republic dollar could lead to inflation, higher interest rates and a recession likely to spill around the planet. In the past, the strong dollar allowed the U.S. government to borrow cheaply and attract investment in the safest currency on the globe. That helped finance the budget deficit, kept interest rates low and also allowed Americans, as individuals and collectively through their government, to spend way beyond their means. Foreigners are big buyers of mortgage securities, which make purchasing that McMansion more affordable. They hold nearly...
...that could actually lower rates in exchange for fewer loopholes and higher revenues. And (at least temporarily) surrendering to the legislature by limiting spending cuts to about $5 billion. And what of the extra $17 billion in debt? Paper over some with rosy economic forecasts and accounting tricks, but borrow $15 billion to keep the creditors at bay. Yes, borrow in order to fund…borrowing. This comes after Arnold attacked Gray Davis in the recall campaign for the “fiscal mess” that his predecessor’s plan to borrow $10 billion would cause...
...debut CD Things We Do, and her band provided lush backing to her slightly raspy, occasionally soulful vocals. The performance set the stage for the rest of the night: behind the ethereal music and her slightly quirky vocals, the band rocked out, with her guitarist seeming even to borrow some moves from R.E.M. axe-man Peter Buck...
Additionally, last year the Committee Fund over-allocated its funds, causing it to have to borrow more than $20,000 from the Grants Fund, and ultimately from student groups. This over-allocation largely occurred because the (2003-2004) UC was dealing with a larger budget, larger HoCo allocations than previous years and more campus-wide events. It is the goal of the CLC not to allow another error of this nature to occur. This year’s CLC is working with a budget and concert/comedian allocations set by last year’s Council. While I have confidence...
Since one Ground Zero roommate is studying abroad this semester, there was an open bedroom available for all of them. Davies and Co. were able to borrow spare beds from storage and stack and squeeze them into position...