Word: dollarization
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Dates: during 2000-2009
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Capitol Hill, meanwhile, hums at peak capacity. Congress is frantically stacking pet projects into a trillion-dollar tower in hopes that--by painting the word stimulus down the side--it will lift off like an economic rocket. There is no Plan B. The hero of recessions past--the American shopper--has left the mall. For the first time in its history, the National Retail Federation predicts consumers will actually spend less over the coming year. Super Spender can't save the day when stuck in the unemployment line...
...economy but then muscle the federal budget back toward balance. "It is absolutely essential," he says, "and the President never lets us lose sight of this for an hour, that even as you do those things, you have to also be addressing the longer-range concerns. We inherited trillion-dollar deficits, and his budgets are going to show a path back toward fiscal health...
...Trillion-Dollar Question...
...reality television show pits 11 pairs of contestants against each other in a race around the world to the finish line—and a one million dollar prize. Competitors traveled to nine different countries—including India, Romania, and Siberia—all in the span of 22 days, according to a CBS press release...
...care costs and therefore rightfully belonged in the stimulus package as a cost-cutting measure. Whether or not you agree with that argument, numerous studies have shown that investments in preventative care save money in the long run. The Guttmacher Institute, which advocates for abortion rights, estimates that every dollar of publicly funded family-planning services saves $4 in state and federal dollars. And when the Congressional Budget Office looked at a very similar provision in 2007, it estimated that the federal savings would have totaled $200 million over five years and $400 million over...