Word: crunch
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...planning for post-war Iraq (although the administration can boast of such boneheaded decisions as disbanding the Iraqi security forces immediately after the invasion). Bush is also turning a blind eye to the huge deficits projected over the rest of the decade and the danger of a fiscal crunch when America’s credit lines dry up. Instead of facing up to the rising tide of red ink, Bush is pressing for his tax cuts to be made permanent, while congressional Republicans have killed attempts to revive the “pay as you go” budget rules...
...professors noted that the the CID has been hindered by a severe budget crunch. “You can’t run a center without money,” the source said...
...numbers the Corporation will see are likely to represent the University’s perpetual financial crunch, exacerbated this year by a sputtering economy and rising benefit costs, which overshot projections. The Corporation voted in December to increase payout from the endowment for next fiscal year by 4 percent, a meager figure but still larger than previous threats of a 0 or 2 percent increase...
Palmer dismissed the University’s ongoing budget crunch as a contrived attempt to pander to future donors...
...letting the Bush deficits swell. But let’s be clear: We are in this bind because voters have bought into the credo that, when it comes to taxes, What Goes Down Must Not Come Up. Perpetual and irreversible tax cutting is a recipe for a fiscal crunch, and we’re hurtling toward one now, as the GOP pursues ever more tax cuts and Democrats feel compelled to follow...