The first round of cuts under Gramm-Rudman weren't so devastating that Congress and the president rushed to repeal them.
That explains why the current credit crunch -- lending has shrunk every quarter over the past three years -- is so devastating.
Kevin Caron: In many respects it is fairly easy because if you think about the financial crisis which was so devastating to so many individual investors, one of the things that stands as a commonality among all of the most significant losses were the companies that had the very characteristics that we try to avoid.
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They rely on intelligence that is never as good as they wish it to be, try to assess accurately actions of people they don't know well and do so with potentially devastating consequences for a wrong move.
So after the devastating runaway inflation of the 1970s, central banks have made sure that if they err it is on the side of raising interest rates early, at the first whiff of inflation fumes, to make sure most of it remains in the bottle.
But so long as tens of millions of people live with this devastating disease, and so long as nearly two million people die from AIDS-related diseases every year, we cannot and will not rest.
She lost her grandmother to breast cancer and her mother and sister were breast cancer survivors, so she understood how devastating the disease could be.
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"It was pretty devastating to be so anonymous, " the 68-year-old artist says.
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"Since the army camp closed, about 1, 000 jobs have been lost in this area and that was devastating to Ballykelly, so to have these jobs relocated is wonderful, " one local man said.
So, in contrast to the devastating domino effects of the global economic meltdown in 2008, in these cases social media is being used to demonstrate that our connectedness and interdependence within a global community can also be a force for good.
With myself, partner and son all working for RM obviously any detrimental decisions will have a devastating affect to our household so whatever happens in the future we can only hope it's for the best.
And yet, they have so mismanaged their affairs - with such devastating potential consequences for the global economy and its financial system - that the rest of the world believes it has no choice but to come to its rescue.
But before we get started, in light of what's been going on with our weather situation here on the east coast, I want to take a moment to talk about the devastating storm that is affecting so many communities, including some right here in Virginia.
Te'o denied reveling in the attention he received for playing so outstandingly on the gridiron after suffering such devastating personal losses.
So most patients also endure chemo and its devastating side effects, even though for 90% of them the treatment is unnecessary.
Yet while flood events may not be increasing in frequency or intensity, devastating consequences will predictably become worse so long as urban development continues to expand into flood plains.
Though her loss is devastating to those of us who held her so close and so dear, we will always be inspired by her enduring contribution to our world.
So a company shut out of one market could suffer a devastating knock-on effect as successive obligations came due.
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The hypothesis holds that these so-called amyloid plaques are a culprit in the disease's devastating symptoms, and that removing them or preventing growth could stymie Alzheimer's.
In 1999, the Turkish government was so wary of IHH that it barred the group from participating in relief efforts following a devastating earthquake.
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The coach obliged, but bowling is another matter so Troy Cooley took the reins in helping developed a four-pronged pace attack of devastating ability.
So the choice in front of Congressional Republicans today is simple: will they let these devastating cuts happen that will cost hundreds of thousands of jobs simply because they refuse to close one tax loophole for the wealthy?
She described it as "devastating news" for the hundreds of families who would be affected, especially when so many people were already struggling in the current economic climate.
Floods are still devastating for people affected today - but the good news is that there aren't nearly so many of them.
Louisiana governor, Kathleen Blanco, says, she's forming a so-called dream team to help the southern part of the state rebuild after last year's devastating hurricanes.
Netanyahu's staff knew that the IHH was so extreme that the previous Turkish government had barred its operatives from participating in humanitarian relief efforts after the devastating 1999 earthquake.
Dixon says this has been devastating to the teacher's job search and that attempts to have the minutes taken down have so far been fruitless.
But last November, he published a devastating treatise that drew on Islamic law and jurisprudence to argue that resorting to violence is banned and so was rebelling against a Muslim ruler.
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