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...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 related...

Author: /time Magazine | Title: Spend, Baby, Spend: US Budget Deficit to Soar Again | 10/20/2008 | See Source »

...presidential candidate can convincingly argue that a balanced budget is possible in the next few years. Both are advocating economic programs that will probably increase the deficit even more. Republican candidate John McCain is calling for some $52 billion in economic recovery spending, while Democratic candidate Barack Obama's plan would cost roughly $175 billion. Both McCain and Obama have vowed to cut taxes, which is likely to drive the deficit higher...

Author: /time Magazine | Title: Spend, Baby, Spend: US Budget Deficit to Soar Again | 10/20/2008 | See Source »

...Admittedly, the information provided by HUDS before this year was not perfect. Though a breakdown of fat, carbohydrates, and protein and a suggested serving size is useful information, it is too complicated to help plan a nutritionally balanced meal on the fly. Ideally, dining halls could provide some of the information displayed in the past along with a picture of a plate with appropriate portions for each meal. Not only would this help the majority of Harvard students easily identify the appropriate ratios of main courses to sides in a given meal, but also might even help students with eating...

Author: By Adam R. Gold | Title: Bring Back Nutrition Facts | 10/19/2008 | See Source »

...first debate to get "in the arena," as his hero Teddy Roosevelt put it. He returned to Washington and attempted to demonstrate a type of leadership on the financial crisis that would distinguish him from Obama's more hands-off approach. The effort to help craft a bipartisan bailout plan had muddled results, mainly because McCain's influence among House Republicans, the crucial voting bloc, was limited. Nonetheless, after an initial bailout plan was crafted, his campaign declared victory, saying McCain had helped give the House GOP a real bargaining position. This posture might have worked had the House Republicans...

Author: /time Magazine | Title: McCain's Struggles: Four Ways He Went Wrong | 10/17/2008 | See Source »

...date: At the insistence of the Iraqis, it requires that all U.S. forces leave Iraq by the end of 2011. The schedule may be longer than Obama's, but the Iraqis appear to have walked the Bush Administration back to accept the principle of setting a departure date. The plan reportedly also requires U.S. troops to withdraw from Iraq's cities by next summer, and removes their right to continue the practice of open-ended detention of Iraqi citizens...

Author: /time Magazine | Title: How the Recession Could End the Iraq War | 10/17/2008 | See Source »

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