Word: dollarized
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...perspective, consider that every dollar of tax revenue collected at the federal level in 2009 was used to pay for the cost of entitlement programs. Spending for the wars in Iraq and Afghanistan, the Troubled Asset Relief Program, the American Recovery and Reinvestment Act, and all other defense and discretionary spending was financed solely by deficit spending. In short, even if we decided that the government’s only job was to manage these entitlement programs and cut all other spending to zero, we’d still only break even—our $12.7 billion of existing national...
...addition to a change to the content of the poll, students who complete the survey were able to choose to receive a five-dollar J.P. Licks gift card or make a five-dollar donation to a Haitian orphanage. In previous years, only a small portion of students received rewards, and previously there has not been a philanthropic option...
...Dean of Administration and Finance Leslie A. Kirwan ’79 clarified the administration’s current understanding of the working groups’ role, while vowing to adhere more conscientiously to a budgeting tack, embraced over the past year, known as the ”first-dollar principle,” in which restricted funds are spent on a unit’s priorities before unrestricted funds...
...even a second general election within the year. Such an outcome could only exacerbate the economic turbulence that has contributed to the recent roller-coaster ride of the British pound. After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power. It's still the world's sixth largest economy, but other numbers are not so flattering. Britain's budget deficit - ?178 billion, according to the Treasury...
...postponement of the dream”—those were the words used by University President Drew G. Faust earlier this month to describe the University’s stalled billion dollar expansion in Allston, a development plan that would have replaced a part of Allston’s industrial lots with a cutting-edge research center...