Word: fiscal
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...debts will be tempted to inflate its way out by printing money to pay creditors. Printing more dollars (the process actually involves the Federal Reserve's purchasing government securities with dollars it conjures out of thin air) reduces the value of existing dollars. And a government in truly dire fiscal straits - Germany in the 1920s is the most famous example - may print so much currency that it makes the stuff effectively worthless. Our fiscal straits aren't that dire just yet. But chronic deficits during George W. Bush's Administration, even bigger deficits brought on by the financial crisis...
...passed into law - and funded into action. U.S. Travel's Freeman concedes it will probably be another year before the Office of Travel Promotion is fully up and running. But he is confident that Washington will recognize the benefit of increased foreign travel to the nation's fiscal recovery. "This is the low-hanging fruit to fixing the economy," Freeman says. "It's about as obvious a solution as you can imagine - and we think Secretary Clinton and President Obama clearly recognize this...
...stimulus, we are in a slow recovery environment, but the fiscal and monetary stimulus is obviously having a positive impact...
...Behind Hatoyama's flip-flops is contradictory advice from top aides. Some are telling him to stick to fiscal austerity to mollify voters' fear of ever-larger deficits - a public concern that could hurt the DPJ's chances of winning a majority in crucial July 2010 elections for the Diet's Upper House to accompany its newly won majority in the Lower House. But come next July, the DPJ would be hurt a lot worse at the polls by higher unemployment than a higher deficit. What Japan needs today is fiscal stimulus that stresses the DPJ program to shift Japan...
During the 2008 fiscal year, Faust received $693,739 in cash and benefits. Former President Lawrence H. Summers received $611,226 during his last year in office...