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...projects that even if such a spending cap were to extend to all discretionary government outlays (Obama would exempt national security), it would save only $10 billion in the next fiscal year, less than 1% of the budget. Nor is it likely that Congress will make much of a dent in the problem, at least not in the short term. (See 10 players in health care reform...

Author: /time Magazine | Title: Douglas Elmendorf: The Numbers Man Whom D.C. Trusts — and Loathes | 2/3/2010 | See Source »

...hard-hitting as the NFL is already a test of endurance; there will always be players who opt out of the Pro Bowl because they're legitimately too beat up to play. Fining players who invent dubious injuries to duck out would be a start, although making a consequential dent in a superstar athlete's salary might be tough. At minimum, moving the game back to the Sunday following the Super Bowl seems like a no-brainer. Teams get to championships in part by having some of the game's best players, and those players should be able to participate...

Author: /time Magazine | Title: Is the NFL Pro Bowl Broken? | 1/29/2010 | See Source »

...seldom fails to remind even his sharpest critics of his prodigious political skills - the very same skills that had enabled him to cajole dubious colleagues and a skeptical Parliament into reluctantly supporting the 2003 invasion of Iraq. An inquiry panel of career diplomats and academics was never likely to dent his composure. ("They're sitting there like chickens," squawked an exasperated audience member during a break from proceedings.) Yet Blair's light grilling still produced a major eye opener: as opponents of the Iraq conflict waited in vain for an apology or some gratifying symptom of inner regret, Blair instead...

Author: /time Magazine | Title: Unbowed on Iraq, Blair Argues for Targeting Iran | 1/29/2010 | See Source »

...struggling to make a dent in crippling unemployment, Roosevelt had come around to Keynes' advice. It worked: massive New Deal and World War II outlays pushed unemployment down from nearly...

Author: /time Magazine | Title: Unemployment | 11/24/2009 | See Source »

...credit. As we extend it each additional month, you'll get a smaller and smaller effect." Also, while some experts applaud the idea of extending the credit beyond first-time buyers, they wonder if the $6,500 credit is large enough to make a serious dent. "The move-up buyer is buying a more expensive product and yet the amount of money being offered [as a credit] is smaller," says Bob Curran, managing director at Fitch Ratings...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

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