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...spend now without spooking the markets or stoking fears that the U.S. intends to inflate its way out of debt? Obama's aides say they can do that by winding down the war in Iraq, cutting fat and raising taxes on the wealthiest Americans--and, later, by entitlement reform. All during the campaign, Obama talked about going through the budget "line by line," zeroing out programs that don't work or have outlived their usefulness. Even as he signed the stimulus bill, he had already pivoted to the next message. "We will need to do everything in the short term...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...total budget. The only chance Obama will have to build confidence in the economy, even as he digs a deeper deficit hole in the next two years, is to convince Americans and the world that he's laying the foundation for long-term budget control through entitlement reform and, in particular, curbing the cost of health care. Total U.S. health-care spending in 2007 rose to $2.2 trillion, and the public portion is growing fast. "Medicare and Medicaid on their current trajectory cannot be sustained," Obama told a group of columnists aboard Air Force One. "And the only...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...failure to achieve it thus far is being blamed on the other guys. He has no reason to abandon the approach he has taken. His effort to lay the groundwork for political pressure on Republicans to join bipartisan coalitions on issues like health care, energy policy, and entitlement reform has had a good beginning...

Author: By Clay A. Dumas | Title: The Glass-Is-Half-Empty Strategy | 2/19/2009 | See Source »

...Harvard’s plan to eliminate all fun also includes the following programs: cable TV, party grants, the Girl Talk fiasco, inviting Insane Clown Posse to YardFest 2009, appropriating Nazi gold, not admitting any hot girls, the Lamont Burrito Disaster of 2005, lethargic calendar reform, Vanserg, serving squash at 78.3 percent of meals, and the Core...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: Harvard’s Hidden Economic Drain | 2/18/2009 | See Source »

...Musawah's key struggle is achieving reform of the heart of Muslim society: the family. Among the gravest oppressors of Muslim women today are Family Laws, the legal frameworks governing marriage and divorce, inheritance, and custody...

Author: /time Magazine | Title: Muslim Women Demand End to Oppressive Laws | 2/17/2009 | See Source »

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