Taxpayers prefer short-term money in hand to the long-term benefits of quality education.

"The short-term money is needed because we have some services that are stretched, but we need a long-term approach."

Banks constantly borrow big chunks of short-term money that they then relend to the public, at higher rates.

The parallel markets are also markets for short-term money.

You don't finance long-term debt with short-term money.

Secretary Powell agreed, noting that the short-term money was "really just the beginning, though; they're going to need a lot of help."

Already the state has had to borrow short-term money to meet operating expenses, a step it has avoided for six years.

On Monday $1.3 billion of short-term money it borrowed from the United States falls due.

For a growing number of black families, the opportunity to give a son a college education outweighs the short-term money.

Moreover, short-term money creates a horrific refinancing task when the debt falls due.