Word: deficits
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Dates: during 2000-2009
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...take "courageous" steps to tackle the crisis. Greek Finance Minister George Papaconstantinou, part of the socialist government that won power in the country last October, duly pledged to do "whatever is required" to shore up the country's finances. Key to the recovery plan: slashing Greece's budget deficit next year from 12.7% - more than four times the level allowed under E.U. rules...
Unfortunately for the Huskies, its initial score lit a flame under the Harvard offense, which responded to the early deficit by relentlessly assaulting the net. The Crimson took the game’s next 14 shots on goal, pressuring goalie Alexandra Garcia and the UConn defense into committing several ill-advised penalties, the first of which proved costly...
...Capitol Hill have put the total bill at anywhere between $75 billion and $200 billion - he did justify the new spending by citing nearly $200 billion in unspent or returned funds from the Troubled Asset Relief Program, or TARP. "This gives us a chance to pay down the deficit faster than we thought possible and to shift funds that would have gone to help the banks on Wall Street to help create jobs on Main Street," he said...
...lingering public worries over government spending. Almost 10 months after signing the $787 billion stimulus, the largest such federal program in U.S. history, he announced on Tuesday that the Federal Government needed to spend even more, a prospect that polls poorly, as concern about spending and the budget deficit continue to fester...
...President's logic is at odds with the initial premise of TARP, which was sold to Congress as a loan program that would be mostly paid back to the Treasury, where its proceeds would be used to pay down the deficit. "The $700 billion program we have proposed is not a spending program," former Treasury Secretary Hank Paulson explained before Congress in September 2008. It didn't take long for Republicans to take that position. "The stimulus money clearly was a spending bill. TARP was a loan - a loan to be paid back. And we know that a number...