Word: 90s
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Dates: during 1980-1989
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...those things are going to happen in this environment. I think you've got to think of what is politically possible, rather than what is always economically efficient or optimal. I think what is politically possible in this environment is an emphasis on research and development for the '90s. I don't think you can sell energy conservation without tying it to another priority which is higher than energy on the public's agenda...
...competing so hard for new businesses [Sept. 6]. Another impetus is the changing nature of the job market. Many of those laid off from heavy-industry jobs will never return to the same positions. Today most available work requires technical skills. The race in the '80s and '90s will be to attract the high-technology companies. The winners will be areas like Indiana that are training skilled workers and fostering a climate for new ideas...
There is no excuse for complacency, as Munnell also points out, since the prosperity of the '90s will affect only the pension and disability funds. The Medicare fund could be bare by 1990 and draining reserves out of the other two. At least, that is likely if hospital costs keep climbing as rapidly as they have been doing for the past several decades (in March, while the CPI as a whole went down for the first time in 17 years, its medical-care component went right on increasing at a 12% annual rate...
...working with ample time to adjust their retirement plans to changes in Social Security, the Administration and Congresss should combine action to ease the immediate cash squeeze and budget deficit with long-range reforms, legislated now to take effect gradually over the decades. Otherwise, the prosperous '90s might be no more than an interlude between crises...
...financed by the payroll tax. Former Social Security Commissioner Robert M. Ball contends that the system could get through the '80s with relatively small "borrowings," which could be repaid, with interest, out of the reserves that the pension fund will again begin to accumulate in the '90s...