Word: deficits
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Dates: during 2000-2009
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...save or create 3.5 million jobs in the next two years is wholly inadequate. It means that the number of people who are out of work could go up by six million or better before the end of 2009. The government has no remedy for that. Even $1 trillion deficit due to money spent largely to save the economy will be inadequate and, if unemployment numbers are getting worse, everyone will know that before most of the stimulus dollars are even spent. (See pictures of the global financial crisis...
Significant belt-tightening measures are in store for Massachusetts State leaders looking to close a widening projected $6 million budget deficit for the next fiscal year in light of the economic recession, according to state lawmakers. State Representative Charles Murphy and Secretary of Administration and Finance Leslie Kirwan stressed the need for budget cuts and budgetary redistribution, particularly in the health care sector, to ease economic strain in a panel discussion at the Kennedy School of Government last night. The panel also included Kennedy School Senior Associate Dean and Lecturer in Public Policy Peter B. Zimmerman. Murphy and Kirwan...
...much turmoil, with widespread concern about the economic collapse, unruly voting publics and continued regional instabilities, which are sure to burst into public view. At the same time, Obama's central policy proposals, which include a significant expansion of the military effort in Afghanistan and major new deficit spending by wealthy countries, have encountered resistance from his counterparts around the world. Here is a look at four of the biggest challenges facing Obama as he heads overseas on his first major foreign trip, and how he plans to handle them. (Read "The G-20 Summit: Can This Group Save...
...Obama and his aides will say in London what they say every minute of every day to anyone who will listen. If the American government does not allows its deficit to rise into the trillions of dollars, the consequences will be a depression which will last for several years and put more millions of Americans out of jobs. The U.S. tax base will be ruined, which will cause huge deficits because of rapidly falling IRS collections as corporations and individuals lose their ability to create income. Even if government keeps expenses as they were last year, the budget deficit will...
...day’s opener for a 6-4 win, before Harvard’s bats took over in the nightcap. Senior left fielder Matt Rogers belted two home runs, including a two-run shot in the eighth inning, to help the Crimson overcome a five-run deficit and dispatch the Quakers 15-11 in 11 innings.“I can’t say enough good things about [Rogers] right now,” captain Harry Douglas said. “He’s crushing the ball. He’s an offensive force and every time...