Word: payes
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...same time, international confidence in the government's ability to pay its $12 trillion debt is tenuous, and Obama has yet to take any clear steps, beyond rhetoric, to reassure investors. His 2010 budget, announced last February, projected medium-term deficits that even Obama's aides agree are unsustainable. And by most accounts, his health care reform package, if it passes, is unlikely to yield the clear long-term savings that Obama once suggested...
Three months after a German-ordered air strike in Kunduz, Northern Afghanistan, Germany's Defense Ministry is poised to pay compensation to the relatives of Afghan civilians killed in the attack. On Wednesday, a lawyer representing victims' families held talks with Defense Ministry officials in Berlin aimed at hammering out a compensation deal. "This isn't just about dishing out a few dollars," Karim Popal, a Bremen-based lawyer representing 80 relatives of victims, tells TIME. "We want to set up a special fund and provide long-term help for the women and children who lost their families' breadwinners...
...cost - estimates on Capitol Hill have put the total bill at anywhere between $75 billion and $200 billion - he did justify the new spending by citing nearly $200 billion in unspent or returned funds from the Troubled Asset Relief Program, or TARP. "This gives us a chance to pay down the deficit faster than we thought possible and to shift funds that would have gone to help the banks on Wall Street to help create jobs on Main Street," he said...
...President's logic is at odds with the initial premise of TARP, which was sold to Congress as a loan program that would be mostly paid back to the Treasury, where its proceeds would be used to pay down the deficit. "The $700 billion program we have proposed is not a spending program," former Treasury Secretary Hank Paulson explained before Congress in September 2008. It didn't take long for Republicans to take that position. "The stimulus money clearly was a spending bill. TARP was a loan - a loan to be paid back. And we know that a number...
...open pit mine development, says he and four classmates caught a train to Moscow and were housed at a resort outside the capital that is owned by the Russian State Technology University. "That's where all the students were taken. They treated us really well. We didn't pay for any of it," he says. Rehearsals for the program lasted two days and were organized by Putin's press service and producers from the state-owned Vesti television channel. "We had other questions, ones that were more relevant to us, about mining, about the education system and so on," Kryukov...