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...everyone knows that while eliminating earmarks and cutting fat sounds good and plays well, it cannot alone address the deficit problem when discretionary spending amounts to less than 40% of the total budget. The only chance Obama will have to build confidence in the economy, even as he digs a deeper deficit hole in the next two years, is to convince Americans and the world that he's laying the foundation for long-term budget control through entitlement reform and, in particular, curbing the cost of health care. Total U.S. health-care spending in 2007 rose to $2.2 trillion...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...providers compete for government contracts for the first time, a move projected to save $130 billion over 10 years. Another would be to stop paying for individual procedures and instead pay one lump sum for an entire treatment. Savings would not appear immediately, but over 20 years, they could total in the hundreds of billions of dollars...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...cell phones and, of course, computers. Parents of patients at the Internet-addiction center have to stay for several weeks of treatment too, since, according to Tao, Internet addiction is often a result of "parenting mistakes." For most families, paying for this care is a sacrifice. The cost can total nearly $3,000--almost three months' salary for the average Chinese couple...

Author: /time Magazine | Title: Postcard from Beijing | 2/19/2009 | See Source »

...saves against San Jose on Sunday. But the number 35 that deserves this week’s fame is none other than the Harvard men’s hockey team’s goaltender, sophomore Ryan Carroll.Last week, in his first three career starts, Carroll posted a total of 113 saves, bested some of the nation’s top collegiate goalies, and proved that he belongs in the Harvard net. “I think Ryan did a great job,” junior Alex Biega said. “He proved to the rest of the nation that...

Author: By Alex Sopko, CONTRIBUTING WRITER | Title: Carroll Makes the Most of Opportunity | 2/19/2009 | See Source »

...total tuition package including room and board will reach $48,868 from this year’s $47,215. Financial aid assistance is expected to increase 18 percent from $125 million in total financial aid output in 2008-2009 to a record $147 million...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Tuition To Rise 3.5% in 2009-10 | 2/19/2009 | See Source »

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