Word: deficits
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...clarify the term “reshaping,” Smith repeatedly turns to the Faculty, casting his non-answer as an opportunity for professors—particularly those in the working groups—to propose “innovative” solutions for the remaining $143 million deficit. When asked to explain the growth of the administration in the past few years, Smith reverts to stock optimism: “I’m a very forward-looking person,” he says. When asked to comment on budget plans that could impact a particular group...
...demeanor reflected in Smith’s former life as co-founder of the software company Liquid Machines, where co-founder Arny Epstein says Smith approached challenges in a measured, methodical way. At the last Faculty meeting, Smith compared the problem of closing the FAS deficit to “what I see when I’m designing an engineering problem...
...praised Obama both for the educational component of his budget plan and his projected reforms for the public education system. Obama singled out education as a special priority that will not be compromised even as the administration plans to cut the federal budget deficit in half by 2013. While the federal government must exercise more fiscal responsibility in the coming years, it serves no one to have this cost-cutting come at the expense of the country’s future labor force. Obama’s budget also proposes to make student loans available directly from the government, providing...
...student response to a recent announcement of budget cuts from the Faculty of Arts and Sciences in an attempt to make up a $220 million deficit is a sadly glaring example. Safety concerns as a result of cuts in Quad shuttle services (especially in the context of the increasing number of reported crimes as evidenced by police advisories) were well placed, as was anger about the timing and nature of communication (or lack thereof) from the administration regarding the cuts...
...said, perhaps chafing a bit at the presumption that the U.S. needs to reassure the Chinese of its creditworthiness. "The economic leadership here," he continued, "has a very sophisticated understanding about where we are and what we are doing. We are going to have to bring down our fiscal deficit and walk back these extraordinary interventions in the financial sector, but we are completely committed to doing that - and they understand that...