Word: spending
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Americans famously overspent during the 1990s and early '00s. It's a familiar story: we mortgaged oversized homes to buy colossal TVs. But you may have heard less about another commodity we binged on: justice. Americans indulged in an enormous criminal-justice spending spree during the past 25 years, locking up more and more offenders (particularly for drug-related crimes) for longer and longer sentences. Total spending on incarceration rose from $39 per U.S. resident in 1982 to $210 per resident in 2006, according to the most recent figures from the Justice Department. We now spend $62 billion a year...
...past 25 years benefited a great many politicians who could claim to be tough on crime. One can easily imagine the political ads that will air in the next cycle in attempts to defeat elected officials who vote not only to set prisoners free but also to spend more on social services for them...
Your cover story is long overdue. Although I am of limited means, I can think of no more impoverishing act than buying cheap, conventional meats and produce because organic food is "too expensive." We spend thousands of dollars on items we don't need and become morbidly obese on junk food yet argue that we can't feed our children healthy alternatives because the cost is too high. Guess what: the cost to our families--and to the earth--of forgoing organic food is a lot higher. John Lipman, BREWSTER, MASS...
...People say it will never go back to the way it was. I don't believe it. They're going to forget. They are going to want to enjoy their lives and spend again.' ?Donatella Versace, designer...
...More cuts may be on the way. Aleris International, a manufacturer of rolled aluminum that employs 149 at its Roxboro plant, filed for Chapter 11 bankruptcy protection in February. Charter Communications, which has 14 working for it in Roxboro, followed suit in March. "People are afraid to spend their money now," says Marcia O'Neil, head of the Roxboro Area Chamber of Commerce...