Word: awash
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Although many people believe that the U.S. is fast becoming a cashless society, it is actually awash in a glut of paper money. In 1980 there was some $600 in cash in the economy for every person in the country, compared with just $162 in 1960. The number of $100 bills increased more than eightfold during that period, and the $100 bill has now replaced the $20 as the denomination with the highest total value in circulation...
...court decisions and congressional testimony, the freshman Justice has forcefully voiced her belief that the federal courts are awash in cases that do not belong there. Many arrive through use of the writ of habeas corpus. "The Great Writ," O'Connor wrote last week, "undermines the usual principles of finality of litigation. Liberal allowance of the writ, moreover, degrades the prominence of the trial itself." Finally, she argued, the endless federal review interferes with state courts. As firmly as such views have put O'Connor in Rehnquist's camp, the new Justice is by no means guaranteed...
Eventually, however, the petro-price spiral reached the point at which consumers and industry worldwide simply would not, or even could not, pay any more. Prompted by recession, they cut back on usage so sharply that the world is now awash in surplus oil, and prices are coming down. When lines form at gasoline stations these days, it is not because of shortages but because prices have dropped-below $1 per gal. in Texas...
Over the years, OPEC ministers have had no trouble raising prices to sky-high levels. Now, however, the world is awash with excess crude-2 million to 3 million bbl. of unused oil per day-and the production cuts necessary to firm up the market are more than some members have so far seemed willing to bear...
...Republican-controlled Senate, Minority Leader Robert Byrd of West Virginia urged Reagan simply to withdraw his proposed budget and submit one less awash in red ink. But Byrd could not resist scoffing at his Republican colleagues for bewailing the huge deficits after they had pushed through Reagan's program of tax cuts last year. "When you buy bologna at the supermarket," said Byrd, "you shouldn't expect to get home and find roast beef...