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...poised to rebuild Iraq in Afghanistan’s chaotic image. And if you’re a fiscal conservative, well, you probably thought already to check your children’s wallets—metaphorically, for the childless—since the burden of deficits approaching half a trillion dollars will be theirs...

Author: By Blake Jennelle, | Title: It's the Biography, Stupid | 3/1/2004 | See Source »

...terrorist organization such as al Qaeda found it much more practical to attack the U.S. cheaply than with expensive ICBMs. With the U.S. military undersupplied in Iraq, the Department of Homeland Security not fully funded and this year’s federal budget likely to be almost half a trillion dollars in the red, the $9 billion Bush wants to spend on missile defense next year should go to real anti-terrorism efforts...

Author: By The Crimson Staff, | Title: A Cracked Shield | 2/24/2004 | See Source »

...Projected health-care expenditure per U.S. citizen in 2003, according to a government agency. The aggregate figure is $1.7 trillion, a record 15.3% of the country's gross domestic product...

Author: /time Magazine | Title: Milestones | 2/16/2004 | See Source »

...found any weapon stockpiles after all. Nor was the link between Saddam and al-Qaeda ever proved. Meanwhile, that much vaunted Medicare bill, which deficit hawks already found impossibly expensive at $400 billion, will probably cost an additional $134 billion. By the time the President released his $2.4 trillion budget last week, packing record $521 billion deficits and a promise to reduce them 50% in five years, it was hard to know what to believe anymore...

Author: /time Magazine | Title: '04 Campaign: When Credibility Becomes An Issue | 2/16/2004 | See Source »

...fees and no hidden costs make these personalized portfolios more sensible than ever. No joke: they may one day supplant common mutual funds as the investment vehicle of choice for millions of people. About $500 billion resides in separate accounts. Yes, that's a long way from the $7 trillion in mutual funds right now. But since the middle 1990s, assets in separate accounts, in which your money is set aside as a distinct pool, have been growing twice as fast as mutual-fund assets, in which your cash is commingled. According to estimates by the Money Management Institute...

Author: /time Magazine | Title: Investing: Fund Control | 2/9/2004 | See Source »

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