Word: borrower
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Dates: during 1980-1989
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...federal loans to students--totalling $5.6 billion--is going unpaid. By the end of the decade, annual government payments on defaulted loans will increase 10 times, from $209 million in 1978 to $2 billion. Bennett is right on the money in calling for a crackdown on students who borrow and don't repay...
...America's only leadership class and not the only ones to have failed in their responsibility. Leaders of business, finance, academe and the news media knew intellectually that the Reagan Administration had replaced the Democrats' tax-and-spend with the hugely popular but unsound practice of spend-and-borrow, and that the nation's prosperity in the '80s was being stolen from its children and grandchildren...
...week it was the Republicans' turn to face William Buckley's Firing Line. From the moment the G.O.P. six-pack strode onto the Houston stage, all visual cues suggested that they were indeed different from their Democratic counterparts. They seemed reassuringly familiar, more experienced, older and collectively radiated -- to borrow one of Buckley's Latinisms -- gravitas...
...Retirees who are already collecting pension payments under defined-benefit plans are in no danger because of federal pension-insurance guarantees. Nonetheless, most pension funds have taken a beating over the past three months. A firm that finds its pension plan underfunded might have to dip into earnings or borrow from outside sources to meet its fixed obligations in the short term. Since pensions are based on salary scales, companies may choose to hold down wage increases to lower pension costs. Over the longer term, if the market stays depressed and squeezes earnings, many firms might be forced to reduce...
...disclosure of its role in leaking a tape that helped sabotage the candidacy of Joseph Biden. Dukakis' public words were a careful mixture of reassurance and assault, as he reserved his fire for safe targets like the Reagan deficit. "We cannot operate as a country by continuing to borrow billions and billions of dollars," he declared in Hartford...