Robin Hood budget n.— «Now the government is talking about raising taxes for some to help pay for pension increases, but at this point at least they’re only talking about slugging higher income earners. (They’re dubbing it a “Robin...
prebate n.— «Malaker said one of the main reasons the plan is called the “fair tax” is because of what is called the “prebate.” The FairTax prebate is a tax rebate—paid a month in advance by the government—on...
Obamanomics n. The economic policies of the US government during the Obama administration. Etymological Note: Obama + economics (source: Double-Tongued Dictionary)
bad bank n.—Gloss: A government-run bank that intentionally takes on the bad debts and deals of another bank that is in financial jeopardy. «Emanuel Cleaver, a Democrat from Missouri, condemns the term “bad bank.” He says the term does...
This past weekend on "A Way with Words," we mulled over whether part of the recession-busting bailouts the government is proposing should be targeted at reviving the Federal Writers' Project of the 1930s. Get a taste of that, and...
zirp n.— «The United States is repeating a Japanese experiment with a zero in one of the most important variables in financial markets: the official overnight interest rate. The so-called zirp, an acronym for zero interest-rate policy, is...