Word: bankrupts
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Dates: during 1960-1969
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...Goldwater reiterated this stand. It did not go over very well, particularly with the large segment of the New Hampshire population that depends on social security. Rival Nelson Rockefeller jumped on the Goldwater argument, charged that to make social security voluntary would be to make the system actuarially unsound, bankrupt it, and turn it into a "personal disaster to millions of senior citizens and their families." Somehow sensing that he had said the wrong thing, Barry backed away, started replying to those who asked him about his sentiments for voluntary social security: "I don't know where you ever...
...voluntary and only 15% of today's covered workers under 30 elected to drop out, the 1965 loss in contributions would amount to $1.5 billion; by 1968 the loss to the retirement benefit fund would amount to $8.5 billion, and by 1988 the social security program would be bankrupt...
...criticism of "big government," irresponsible stand on civil rights and unconscionable vote on the Test Ban Treaty head the list of his disqualifications for the Presidency. His pious platitudes, vaulting contradictions, and historical blindness combined with his thinly veiled exploitation of fear and prejudice mark Goldwater as a thoroughly bankrupt candidate. And as Know-Nothingism incarnate ("In your heart you know he's right"), Goldwater has demonstrated his lack of intelligence with appalling frequency; his election would be nothing less than a catastrophe...
...creditors cheered loudly. Natin, the court determined, had liabilities of $17.1 million, and only $4,900,000 in assets. But the court agreed to call another meeting to let the stockholders decide by a vote whether he should be given a chance to settle his debts or be declared bankrupt...
...withhold bankruptcy proceedings. He asked for two years: "ONAPRI can recover its position if it is permitted to continue operating." In secret balloting, some 7,600 creditors favored giving Natin his time, but the margin was short of the required two-thirds. Natin's empire was declared bankrupt, and Natin went back to jail...