Word: bloat
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Dates: during 1970-1979
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Still, many Congressmen fear that payouts from the program would bloat the budget deficit well beyond the $29 billion target set by the Administration for fiscal 1980. The White House calculates that based on an inflation rate of 7.5% for all of that period, real wage insurance should cost no more than $2.5 billion. But some forecasts point to an average inflation rate of 9% or more this year...
...annually in tax dollars to school districts, no matter how wealthy they are. If Washington is not willing to re-evaluate these open-ended commitments, the day must come when the entire budget will consist of so-called uncontrollable spending obligations. When that happens, the task of cutting the bloat will be tougher than ever...
With Stage II, Carter may not have bitten the bullet, but at least he bit the aspirin. The much debated new program is harmless enough, and it may give the President some time and space to do what needs to be done: cut the bloat in the budget, reduce costly regulation, encourage the Federal Reserve Board to let the money supply grow only slowly and steadily. That, and only that, can slow the price spiral...
Still, every craze sooner or later begins to bloat with selfimportance; then it incites, along with ennui, a certain peevishness and skepticism among outsiders. Running is no exception. Superannuated as a fad, running is beginning to express itself more and more in the tongues of a subculture. Thus antirunning feeling, apart from that expressed by spouses and families of devout marathoners, has been turning up more and more in the public prints...
...supposed to "float like a butterfly, sting like a bee"? Against Spinks it was more like "Bloat like a butterball, swing like a flea...