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Sure, it’s better to give tax cuts to people who can use them than to the ultra-rich. But our bipartisan mania for tax-slashing has real costs. In order to rein in the deficit and cut taxes simultaneously, Kerry is proposing a total spending cap on discretionary spending outside of defense and education (about 20 percent of the federal budget), instead of allowing government expenditure to remain at a stable proportion of GDP, growing at the same rate as the economy. But rising production and consumption place rising demands on our national infrastructure, which needs...

Author: By Eoghan W. Stafford, | Title: The "L" Word | 4/21/2004 | See Source »

...mostly be wielded out of a new 3,000-person U.S. embassy. Officials believe delaying the transition would only further enrage Iraqis, including, critically, the country's most revered Shi'ite leader, Grand Ayatullah Ali Husaini Sistani, whose support the U.S. needs more than ever as it tries to rein in the upstart al-Sadr. "June 30 is a good date," says Rend al-Rahim Francke, Iraq's diplomatic representative to the U.S. "It is long overdue...

Author: /time Magazine | Title: Iraq: No Easy Options | 4/19/2004 | See Source »

...Massino trial is the latest--and, the feds hope, final--chapter in a century-old soap opera that began in the early '30s with Luciano's anointing of Sicilian-born Joseph Bonanno, then just 26, to rein in one of New York's warring crime gangs and sit on the newly formed Mafia Commission (Bonanno died in 2002 at 97). Bonanno's son Bill, 72, admits he ran the family for a brief, chaotic period in the '60s (true) and claims that he and his father were Mario Puzo's inspiration for Michael and Vito Corleone (debatable). He subscribes...

Author: /time Magazine | Title: The Last Don | 3/29/2004 | See Source »

...Administration committed itself to winning the peace--pledging billions of dollars in aid, deploying 11,000 troops to hunt for remnants of the Taliban and al-Qaeda, and pinning its credibility on Karzai, the regal President who the U.S. hoped could manage the country's combustible ethnic mix and rein in its notorious warlords. Making Afghanistan a stable democracy friendly to the West would not just deal a blow to bin Laden and the brutes who once ruled the country but also help win over hearts and minds across the Islamic world. Says Khalilzad, the Afghan-American who took charge...

Author: /time Magazine | Title: Remember Afghanistan? | 3/8/2004 | See Source »

...Karzai government has attempted to rein in recalcitrant warlords. Most recently Karzai appointed Kandahar strongman Gul Agha Sherzai, a U.S.-installed warlord who has been dogged by accusations of corruption and nepotism, to a Cabinet position in Kabul as a way of keeping him under close watch. But Afghan officials say Karzai is wary of cracking down too hard for fear that the warlords will lash back. In Kabul alone, militias loyal to former President Burhanuddin Rabbani and current Defense Minister Mohammed Qasim Fahim number nearly 50,000. That's enough to overwhelm, if they wanted...

Author: /time Magazine | Title: Remember Afghanistan? | 3/8/2004 | See Source »

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