Word: reductionism
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Dates: during 1990-1999
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It was interesting to read Boston Globe columnist Bob Kuttner's October 1st editorial entitled "Tsongas sounding a false alarm with deficit reduction plan," having just finished Steven Wardell's editorial "The Most Evil Tax of All" (Crimson, Oct. 1). The two articles assume very different stances concerning the priority...
Discontinue these efforts to highlight the current debt crisis which President Clinton's 1993 budget reduction plan will miraculously cure within half a decade, advises the Globe columnist. Reading further, one almost cannot help but grow nostalgic for Clinton's already failed economic stimulus package. Kuttner bemoans the "mere" 2.3...
Harvard administrators say the reduction waspart of their long-term policy of "selectivedivestment" and had nothing to do with HRAAA'sefforts.
Secretary of the Faculty Council John B. Fox Jr. '59 attributed the reduction to a 70-person cut in FAS administration since 1990, constrained operating budgets for departments, a refinancing of Harvard debt at lower interest rates and maintaining a constant proportion of self-help in student financial aid packages...
To review an Ec 10 lesson, the deficit is the annual difference between government income and government spending. Reducing the deficit only slows the growth of the debt, in this case from over $300 billion a year to around $200 billion. But even this decrease is temporary and relies on...