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This year's federal deficit is the result of declining revenue - people are making less money so they're paying less in taxes - and increased spending. So far, the government has spent $530 billion more this year than it did last year, a number that includes $169 billion for the Troubled Asset Relief Program (TARP), $125 billion for the American Recovery and Reinvestment Act and $83 billion to bail out Fannie Mae and Freddie Mac. And that doesn't even account for the spending scheduled for next year. Add to this the projected $1 trillion price tag of Obama...

Author: /time Magazine | Title: The U.S. Deficit | 8/25/2009 | See Source »

Health-insurance companies have been spending $1.5 million a day to convince Congress that a public option should not be part of health-care reform. And that is only the money that is being spent on lobbying. Millions more is spent on advertising. Where does that money come from? It comes from our premiums. Every million dollars spent to destroy the public option and to mold health-care legislation so that it favors insurance companies is a million dollars that is not being spent on patients. Karen Wagner ROLLING MEADOWS...

Author: /time Magazine | Title: Inbox | 8/24/2009 | See Source »

...latest sentence, by military decree, is shorter than the maximum of five years in prison. Suu Kyi will be confined long enough to ensure that she is not a player in Burma's 2010 elections, which are expected to shore up the junta's power. The democracy activist has spent 14 of the past 20 years incarcerated. "She should not have been tried. She should not have been convicted," said U.S. Secretary of State Hillary Clinton. "We continue to call for her release...

Author: /time Magazine | Title: The World | 8/24/2009 | See Source »

Eliot House: 1. Where Unabomber Theodore J. Kaczynski ’62 spent his formative years. 2. Home of the Fête, the best formal at Harvard. 3. Its clock tower has probably had a better movie career than Matt Damon...

Author: By The Crimson Staff, CRIMSON STAFF WRITER | Title: Dictionary of Harvardisms | 8/24/2009 | See Source »

...sanctions against Libya had proved useful for the West not only in pursuing the perpetrators of the Lockerbie bombing, but - perhaps more important in the minds of Washington and London - boxing in one of the developing world's most persistent troublemakers, who had spent two decades making mischief throughout Africa and the Middle East. Having largely achieved that objective, Britain and the U.S. may be in no great hurry to resolve the Lockerbie standoff...

Author: /time Magazine | Title: Why the West Will Be in no Rush to Lift Libya Sanctions | 8/24/2009 | See Source »

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