Word: deficit
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...McCain's credit that he so steadfastly disagrees, and it is unfortunate that voters might end up punishing him. But it's hard to feel too sorry for McCain. His distaste for earmarks is a byproduct of his distaste for deficits, following his belief that the government ought to live within its means. But McCain's current economic plan would explode the deficit, mainly by making permanent the Bush tax cuts he once opposed. The Brookings Institution has estimated that that would add $5 trillion to the national debt by 2018; meanwhile, the plan would eliminate only $18 billion...
...HARVARD 0The 49ers proved to be too much, sweeping Harvard in the final event of the Invitational, 25-17, 25-11, 25-8.Long Beach landed an early lead in the first set and held onto it for the rest of the game. Although the Crimson managed to cut the deficit to 9-6, the 49ers slammed down five kills and a few aces to pull ahead, 17-10. Unable to close the gap, Harvard succumbed to the Beach, 25-17.The Crimson managed to keep up with the 49ers at the beginning of the second frame, but Long Beach quickly pulled away...
...territorial integrity of the country will be defended at all costs." He said there is no question of any agreement or understanding with the American-led Coalition in Afghanistan in which it is allowed to conduct operations on the Pakistani side of the border and that the current trust deficit between the two countries would lead only to more problems. Pakistani tolerance is diminishing for civilian casualties inflicted by a foreign army pursuing its own agenda. Clearly, the U.S. needs to hone its intelligence-gathering capabilities to do a better job of avoiding civilian casualties, while the Pakistani leadership...
...excitement generated by running mate Sarah Palin, but there's one startling shift that should be particularly worrisome to Barack Obama's campaign. In a Washington Post-ABC News survey released Monday, McCain enjoyed a 20-percentage-point turnaround against Obama among white women, going from an eight-point deficit before the Republican National Convention to a 12-point advantage after...
...First of all, the government needs to reconsider its commitment to balance the budget by 2011. While laudable during a period of growth, setting a rigid deadline for fiscal consolidation makes less sense when revenues are falling due to a slumping economy. Cutting spending now to reduce the budget deficit will only make a recession worse. This does not mean Tokyo should return to its failed policies of the 1990s by spending freely on wasteful construction projects and subsidies to special-interest groups. It means only that the government should accept modest deterioration of its balance sheet during an economic...