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...fact, the austerity scolds have found surprisingly few specific outrages. Republicans released a list that mocked $75 million for "smoking-cessation activities," which are actually a terrific way to hold down the long-term health costs that threaten the Treasury's long-term solvency, as well as $6 billion "to turn federal buildings into 'green' buildings," with the telling scare quotes deriding the idea of creating short-term jobs for retrofitters while reducing long-term federal energy costs and emissions. There has been a sensible push to add even more money for mass transit, which reduces energy use, increases...

Author: /time Magazine | Title: How to Spend the Stimulus | 2/5/2009 | See Source »

Most of the recent spending debate has focused on waste - money for new weather satellites, antismoking programs and the like. But the austerity scolds haven't found many outrages; antismoking programs, for example, are a terrific way to hold down the long-term health costs that threaten the Treasury's long-term solvency. There ought to be even more money for mass transit, which reduces energy use, increases the competitiveness of metropolitan areas and helps working families, as well as freight rail, which has even greater environmental and economic advantages. Expanded unemployment benefits and food stamps would be excellent stimulus...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

...Raptor—which render it all but invisible against air-defense radars—in order to guarantee the total destruction of Iran’s nuclear and military assets without risking American lives. Similarly, if the People’s Republic of China were to threaten the Republic of China on Taiwan—as it did during 1996, when Taiwan held its second free presidential election—the Raptor could provide an important deterrent against Chinese land-based aircraft...

Author: By Eugene Kim | Title: Why We Need the Raptor | 1/28/2009 | See Source »

...number of troops and repairs the tanks, the top military brass will still be far more reluctant to use them. So will the public, which wants out of Iraq and isn't that gung ho about an indefinite stay in Afghanistan either. As a result, America's ability to threaten new military action--against Iran, for instance, or in Darfur--has dramatically declined. Our hard power isn't what it used to be--and won't be again anytime soon...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet...

Author: /time Magazine | Title: Obama's Inaugural Address: The Full Text | 1/20/2009 | See Source »

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