Word: dollarization
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Dates: during 2000-2009
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...belong to no organized party. I am a Democrat." But these are serious times: the same day the Senate convened with two Democratic seats unfilled (comedian Al Franken's microscopic margin of victory is being contested in Minnesota), Obama announced that the nation could soon face a trillion-dollar deficit. Instead of serious leadership, Congress gave us the Burris showdown--in which gall challenged sanctimony while insincerity vied with incompetence...
...month. True, access to health care is free, but the elderly still have to purchase medicines, which are often missing or in short supply in pharmacies and may only be purchased with “convertible pesos”—Cuban currency, equivalent to dollars or euros—used to purchase goods or services at international prices that are quoted also in euro or dollar equivalents. The elderly must also buy food, yet the rationing card covers only about half of a month’s supply of food, so convertible pesos are needed as well...
...potential benefits of a new age of government activism, while still protecting the country's long-term fiscal health. On Jan. 6, Obama warned that the cost of a major stimulus package and the continued effort to bail out the financial system could result in years of "trillion-dollar deficits." Deficit spending is needed to help revive the economy from recession, but trillion-dollar deficits for years to come would sink us in debt and risk a collapse of the currency. We need a sensible strategy that deals with the present crisis while preparing for the future. We need more...
...difficult. Paying for all these programs down the road will be complicated further if Democrats try to reimpose, as they have sworn to, pay-as-you-go - a rule that requires all new spending to be offset by new revenue or cuts elsewhere. And all this talk of trillion-dollar deficits is starting to make Republicans as well as fiscally conservative House Democrats (known as Blue Dogs) nervous - so much so that Obama recently pledged to overhaul entitlement programs to help avoid another fiscal train wreck down the road...
...here's one for Marriott Rewards members: Earn double airline miles for each dollar spent with any of 28 partner carriers, including Delta and British Airways, beginning the second night of your stay at a Marriott property from Feb. 1 through April 30. That's up to four miles per dollar at some properties. Enroll with Marriott's loyalty program between now and April 30 to qualify...