Word: taxed
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...federal government's spending oscillated over the subsequent decades, running a surplus in the good years and a deficit in the bad ones, until the early 1980s. President Ronald Reagan's economic and foreign policies - tax cuts combined with substantial increases in Cold War-era defense spending - led to a string of deficits that averaged $206 billion a year between 1983 and 1992. The balanced-budget acts of 1990 and 1997 helped reverse this unprecedented level of peacetime spending, and in 1998 the U.S. recorded its first budget surplus in nearly 20 years...
This is the time of year - second only to December, maybe - when we're reminded how much kids cost. It's nice when states suspend their sales tax for a week of back-to-school shopping, but it doesn't change the fact that somehow we have to start over in September: new sneakers, new notebooks, maybe a new lunch box, because SpongeBob is so last season. Even in hard times, economists have found, children are "recession resistant." As investments, they are living proof of irrational exuberance, a leading indicator of our loss of fiscal discipline...
...What They're Suspending in the U.S.: Strapped for cash, Florida, Massachusetts and Maryland eliminated their annual sales-tax holidays--periods in August when customers can buy items like clothing and school supplies tax-free. While critics argue that the consumer savings would have stimulated the economy, the states say their ailing budgets desperately need to retain the millions in tax revenue...
...member dues, or premiums, to pay for expanded abortion coverage would be segregated from the federal tax dollars by keeping the money in separate internal accounts. The problem is that all those who sign up for the public option would have to pay into the account for abortion coverage, an amount "not less than $1 per month," according to the legislation. So in effect, anyone who wanted to sign up for the public option, a federally funded and administered program, would find themselves paying for abortion coverage. "You are spreading the cost of the procedure over a public plan," explains...
...shared sacrifice, the statue of John Harvard will be meticulously chiseled down to a smaller size in proportion to the budget cut, at a cost of $2.6 million. Since improvements like this, and the amenities of Harvard life, do not come cheaply, we ask for your kind, tax-deductible donation...