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...have decided not to be subtle about it. America is spreading itself too thin. It has taken on obligations to assist many of its largest financial institutions, aid hundreds of thousands of homeowners, create jobs through an economic stimulus package, and give a large portion of the working population tax cuts. Wealthy citizens and corporations will be required to pay more to offset these obligations. This income will only make a difference if these sources have more to pay. A deep recession can be a great leveler...

Author: /time Magazine | Title: Betting the U.S. Government Won't Pay Its Debts | 3/11/2009 | See Source »

...bill includes a proposed 19-cent increase to the state gas tax that would help stave off the MBTA’s projected $161 million deficit in the next fiscal year...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: MBTA May Up T Fare if Bill Goes Down | 3/11/2009 | See Source »

...Cambridge. According to Patrick’s Web site, the federal stimulus money will not be distributed as a lump sum. Some of the money will be directed through existing state or municipality programs, while other funds will flow directly to individuals, families, and businesses in the form of tax cuts and credits. But Wolf—who said that she is anxious about funding for essential services like education and healthcare—said that she viewed this method of funding as “fragmented.” “It’s like putting together...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Stimulus To Fund Transportation | 3/9/2009 | See Source »

...that Obama has instituted tougher standards for hiring than previous Administrations had. At some agencies, former lobbyists have had to withdraw from contention because of tougher rules on influence peddlers. But Geithner contributed to the problem himself: after it was discovered that he owed $34,000 in taxes, administration vetters cracked down on any sign of improper tax-filing...

Author: /time Magazine | Title: Tim Geithner's Hiring! And His Critics Hope It's Soon | 3/9/2009 | See Source »

...even have an opponent yet. (CNBC pundit Larry Kudlow and former GOP Representative Rob Simmons have both expressed interest in running.) In a January Quinnipiac poll, 51% of Connecticut voters said they would not vote for Dodd in 2010. "It's the subject matter - people are watching their tax dollars go into institutions and they wonder when it's going to get better and they wonder where it's going," Dodd says. "I don't find people trying to elbow me out of the way trying to take over jurisdiction of the Banking Committee." (See who's who in Obama...

Author: /time Magazine | Title: Connecticut's Chris Dodd Faces a Backyard Rebellion | 3/9/2009 | See Source »

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