Word: spending
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What do you think of President Obama's fiscal stimulus package in helping to turn the economy around? The bill that provided something like $800 billion for spending on government projects was supposed to make people willing to spend their own money. But that hasn't happened. The implicit belief of the Obama Administration is that you needed fiscal stimulus [i.e., more government spending], and that's why they passed this enormous stimulus bill. But from my observation of how, historically, expansions have come to an end and how recovery has happened, it's always in terms of monetary stimulus...
...monetary stimulus, do you mean the Fed needs to print more money? An increase in the money supply has historically always motivated people to spend and end a recession. And I don't know if there's any evidence that fiscal stimulus has the same effect on people's habits. All that Obama's fiscal stimulus bill has achieved is to put an enormous fiscal deficit on the Federal Government. (See pictures of the dangers of printing money...
...Thus, it's important to note that Palin never said she was leaving office to spend more time with her children. You could say she falls more into the "pushed out" category than into the "opt out" one, given the hostility of the legislature, the media and the ethics hounds. But there's another relevant model as well: lots of women who make a detour aren't looking to have more time for Gymboree; they're doing it because they want to start their own business, make their own rules, be their own boss - and this seems more Sarah...
...worst-off states by that count are Alaska and Nevada. Each of them will need to spend 30% more than what state tax officers think they'll be collecting. And neither has a state income tax, relying on oil and tourism taxes, respectively, for most of their revenues...
...could have some pressure, even though they are relatively highly rated and have passed budgets for this year," says John Miller, chief investment officer of Nuveen Asset Management, which runs, among other things, municipal-bond funds. "Those are areas where obligations are probably growing faster than their revenues." That spend-now-pay-later attitude eventually catches up with a state. Ask California. (Read "Can the U.S. Afford to Let California Fail...