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When Standard & Poor's lowered the nation's credit rating, it was in large part because of the standoff last year over raising the debt ceiling — which had to be raised to pay for spending Congress had already approved.
Even today, with so much awareness about technological intrusion into our daily lives, "The Conversation" resonates with the human price we pay for spending so much time alone with our imagination.
It simply allows the country to pay for spending that Congress has already committed to.
In effect, rather than the Treasury selling securities to the public to pay for spending in excess of revenues, the Fed would do so.
The only reason we need to lift the debt ceiling, after all, is to pay for spending that Congress has already authorized.
Mr. Altman said Mr. Kerry envisaged ways to pay for spending increases, among them reducing corporate tax breaks and raising taxes on the wealthiest Americans.
Similar(41)
But that would raid the Nuclear Waste Fund to pay for spent fuel transfer, and drain the reserves needed to construct a permanent repository.
Nobody got paid for spending a Thursday evening helping a customer into an orange Empire-waist dress or sweeping up cups after the browsers had left.
At 3M, employees are paid for spending 15% of their time creating whatever they want.
Korelitz said authors love the idea of getting paid for spending an hour or two discussing their works with an eye towards cultivating new audiences.
Raising it simply allows the government to pay the bills for spending the Congress already approved.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com