Word: ink
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When out-of-control federal spending runs smack into sluggish tax revenues, red ink splashes all over Washington. In September, the Congressional Budget Office estimated that the deficit this year would be $407 billion, a sum that reflected the $168 billion economic stimulus package approved by President Bush in February and the estimated $188billion spent for the wars in Iraq and Afghanistan through 2008. Add to that the $700 billion financial bailout package passed in October, plus another economic stimulus package likely to take shape in the coming months that could cost as much as $175 billion...
...ink will continue to rise, thanks to panicky raids of federal coffers by policymakers trying to stem the financial crisis. President George W. Bush started the current bonanza in February by approving a $152 billion economic stimulus package. When other bailouts, including the recently passed $700 billion financial rescue plan, are counted, Washington is set to shell out some $1.5 trillion in the near term. Projections for the next fiscal year's deficit start at roughly $550 billion and go as high as $1 trillion, depending on the government's current obligations, expected further spending measures and falling tax revenues...
...John McCain's campaign aides could probably answer that question for Palin. The ink on Kristol's column had barely dried before they were on the phone to political reporters declaring that the GOP nominee had long believed it would be inappropriate to raise the Wright issue. But McCain's current sensitivity is much more related to his running mate's own pastor problems than to any newfound campaign honor code...
...have anything lined up for after Green Zone? I'm retiring after Green Zone. Isn't that what all actors say at some point? It always gets a little press. So let's just get a little ink for ourselves. I shall retire...
...voting, the Senate went back to deliberating the financial bailout package. The Bush administration had achieved one of its most important foreign affairs successes, but there was more pressing business to be sorted out at home. Secretary of State Condoleezza Rice is expected in India later this week to ink the agreement with Indian External Affairs Minister Pranab Mukherjee. In India, news channels interspersed images from the deal being passed with footage of Oct. 2 bomb blasts in the northeastern state of Tripura. Neither of the governments that led these historic efforts will benefit from it today. But for both...