Word: debt
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...Credit-card companies, though, may not be the only ones we need to be protected from. Every penny of Americans' nearly $1 trillion in revolving debt started with someone - some individual person - whipping out a piece of plastic and making a decision to use it. We could consider that free will and just call it a day, but there's plenty of reason to believe the story isn't so simple. There are piles of evidence that people are bad decision makers when it comes to how they use credit cards. Even when presented with full and fair information, they...
...fully captures the sentiment and distrust of developing economies toward the IMF, and the negative impact on people's lives of corrupt and inept government officials' dealings with the IMF [April 20]. Certain governments in Africa took IMF loans on behalf of their people who then suffered the debt with neither accountability nor the hoped for development. Now the loan conditions are being relaxed, the IMF must ensure that loans do not get to corrupt governments anymore, and where they do, the loans must be accounted for with development projects and fiscal responsibility. Obinna Wachuku, ABUJA
...Berlusconi a good Prime Minister? Let's just say he's not much worse than his predecessors, and he sells himself better. He hasn't solved Italy's perennial problems - runaway public debt, red tape, organized crime, corruption, a grinding justice system and aging infrastructure - but at least he's provided stability. Italy averaged almost a government a year between the end of World War II and the turn of the century. Berlusconi completed his term between 2001 and 2006; re-elected in 2008, he may well last until 2013. (Read: "Why Berlusconi Loves a Good Gaffe...
...Sanford was once a lonely voice for fiscal restraint in Congress, one of the few Republican revolutionaries of 1994 who kept faith with the Contract with America. Back then, his bumper stickers said "Deficit" with a Ghostbusters-style slash through it, and his apocalyptic speeches chronicled how debt had destroyed great civilizations like the Byzantine Empire. I watched him give an updated version at a tea-party rally in Columbia, S.C., on April 15 as the crowd screamed about Obama's tyranny and waved signs like "Keep the Government Out of Our Health Care" and "USA 1776-2009, RIP." Sanford...
...first thing Republicans must do is move past the current definition of conservative. Let's face it. American conservatism is now associated with wasteful spending, military adventurism and ideological conformity. The GOP took a $155 billion surplus and turned it into a $1.5 trillion debt. George W. Bush and the Republican Congress also allowed federal spending to grow at its fastest clip since the Great Society, while adding a $7 trillion burden to a Medicare program already headed toward bankruptcy...