Word: deficits
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...laugh. The City College of San Francisco is considering selling the naming rights to nearly 800 endangered classes. The 105,000-student institution gets most of its funding from the state government, which is grappling with an estimated $27 billion budget deficit. The school has already imposed a freeze on new hires and cost-of-living adjustments to employees' salaries. Faced with an estimated $25 million budget deficit, the school's chancellor, Don Griffin, has proposed eliminating 800 of the school's roughly 9,800 classes for this fall. Last month, however, he proposed a novel potential solution: saving...
...billion-dollar shortfalls by proposing everything from taxing cell-phone ringtones to closing state parks. While Mississippi, Indiana and Delaware made the cutoff, others did not. Ohio and Connecticut will keep the lights on without an official budget in place, while California, which faces a $24 billion deficit, announced plans to issue IOUs until representatives can resolve a legislative stalemate...
...money supply has historically always motivated people to spend and end a recession. And I don't know if there's any evidence that fiscal stimulus has the same effect on people's habits. All that Obama's fiscal stimulus bill has achieved is to put an enormous fiscal deficit on the Federal Government. (See pictures of the dangers of printing money...
...that tighter fiscal constraint, Conrad said, any bill that passes under reconciliation would likely provide "dramatically less health reform." And the parliamentary hurdles are high. Opponents would have the power under Senate rules to strike every provision of the bill that cannot be shown to reduce the federal deficit. The result, Conrad said, could look like "Swiss cheese." (Watch TIME's video "Uninsured Again...
...personnel attrition and the University's voluntary early retirement incentive program, are part of the $77 million of FAS budget cuts announced in May, Bradt said. But even after the recent downsizing and other service reductions, FAS, the University's largest school, still has a projected $143 million annual deficit that Smith says must be eliminated by fiscal year 2011. As a result, the School has now embarked on a process of "resizing and reshaping" its operations...