Word: keepeing
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...have been done. And the FCS's vaunted mobility has already been scrapped; the Army has abandoned plans to transport all those vehicles to the battlefield aboard C-130 cargo planes because they are too heavy. Costs are on the rise as well: the Army was able to keep the FCS's total price tag at $160 billion only by killing four of the program's 18 platforms in 2007--and is likely to continue cutting them to keep down the expense...
...jobs," warned Georgia Senator Saxby Chambliss, as did many others in his state. "If we truly want to stimulate the economy, there's no better place to do it than in defense spending." Last month nearly half the Congress sent letters to Barack Obama urging him to keep the F-22 line humming...
...afford their mortgage. Maybe they took out an adjustable-rate loan that has reset higher, or they lost a job in the slowing economy. If we could stop the cycle of defaults and foreclosures, the thinking goes, we could prevent deeply discounted, bank-sold homes from flooding the market, keep losses from further impairing mortgage-backed securities and preserve property values. That's how we wind up with ideas like paying mortgage servicers to make loans more affordable and changing the bankruptcy code to allow judges to reduce the amount borrowers owe their mortgage company...
...there people who bit off more than they could chew and will never be able to afford their homes? Yes. "We need to recognize the goal is not to keep everyone in their houses for as long as possible," says Edward Glaeser, professor of economics at Harvard University...
...there are also plenty of people who might be able to keep their homes with a lower interest rate or a longer loan period. In many cases, this is in the best economic interest of the mortgage holder, since up to half of a house's value can be lost in foreclosure. And yet often--especially when the loan has been chopped up and dispersed to investors around the globe with a third-party servicer in charge of collecting payments--that's not happening. "Servicers don't have the right incentives," says Christopher Mayer, professor of real estate at Columbia...