Word: short
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Dates: during 2000-2009
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...genius of our numbering system is that we can signify massive quantities in short spaces. One billion takes no longer to write than one million does, points out Andrew Dilnot, an economist at Oxford University and author of The Numbers Game...
...spending, the federal deficit will top $1.2 trillion this year. As Obama summed it up in a speech at George Mason University on Thursday, "There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short term. But equally certain are the consequences of doing too little or nothing at all." (Read Obama's full remarks...
...aimed at the Russians rather than the Ukrainians. They also spoke with Ukrainian officials. It helps that the E.U. is Ukraine's largest aid donor. Ukraine is facing a financial meltdown, and recently asked for a $16.4 billion International Monetary Fund bailout. Gazprom, owing around $60 billion and seriously short of cash, currently has storage reservoirs so full that it risked having to burn off some of its surplus if the gas was not pumped out soon...
...what, exactly, has been proposed in this short-term/long-term stimulus? Here are some areas in which money being spent now may continue to be spent well into the future...
...Tuesday. "Simply put, we should not bury future generations under mountains of debt and create 600,000 new government jobs." In the face of a crumbling economy and a bill that includes massive tax cuts, voting against it - for any member, Republican or Democrat - will be a very difficult short-term proposition, regardless of the long-term costs...