Word: borrowing
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...Other comrades may have patriotically downed vodka, but Andropov apparently preferred to sip Johnnie Walker Scotch. Sándor Kopácsi, a former Budapest chief of police who now lives in Toronto, was frequently on the Soviet Ambassador's guest list and recalls how Andropov used to borrow the police force's gypsy band. With a clear tenor voice, Andropov would join in song fests. He was especially fond of a sentimental Hungarian ballad about a crane leaving its beloved mate to fly to foreign lands...
...discussions indicates that the problem may at last be faced realistically. The reason is obvious: the day when Social Security is expected to run out of money is close enough to force painful choices. The trust fund on which Social Security pension checks are drawn had to borrow $600 million from the separate Medicare and disability funds to write the checks that went out Nov. 3. Robert A. Myers, executive director of the commission, estimates that the fund will have to borrow upwards of $11 billion more to get through the first six months of 1983. Accordingly, Commission Chairman Alan...
...commission's staff has prepared exhaustive figures on the financial consequences of dozens of possible steps. The one favored by lobbyists for the elderly is to "borrow" from general revenues (meaning primarily those generated by income taxes) any funds that may be necessary. But as Commission Member Mary Falvey Fuller commented, in an era of budget deficits that could hit $200 billion a year, "there are no general revenues" to spare...
...thinly veiled intention was to push through benefit reductions during the only politically neutral stretch on the congressional calendar in the next two years. With hardly three weeks in the special session, neither party is eager to tackle anything more daring than renewing Social Security's capacity to borrow from its disability insurance and Medicare funds. Even with that authority extended, Social Security is predicted to go broke in 1984. At week's end, concerned that Republicans were being hurt at the polls by the Social Security issue, Reagan denounced the Democrats for spreading the "falsehood" that...
...York legislators overrode Governor Hugh Carey's attempts to veto millions in spending last July, but now face a deficit that could go as high as $1 billion in this year's $27 billion budget. For the first time since 1975, the state may have to borrow money to bridge the gap. A special session of the legislature is likely in December...