Word: carterized
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Dates: during 1980-1989
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...campaign, Reagan charged in a television address: "Mr. Carter is acting as if he hadn't been in charge for the past 3½ years; as if someone else ran up nearly $200 billion in red ink; as if someone else was responsible for the largest deficit in American history; and as if someone else was predicting a budget deficit for this fiscal year of $30 billion or more." Those words will no doubt be thrown back at Reagan, with the added fire that his deficit in one year is about as high as Carter...
...longterm, fixed-interest mortgages, thrift institutions became candidates for the endangered-species list. The number of thrifts has shrunk nearly 20% since 1979, as failing institutions have been merged into stronger ones (see chart). As a whole, the thrifts lost $8.9 billion in 1981 and 1982. Says James Carter, a banking analyst at Merrill Lynch: "If the hemorrhaging of the thrifts had continued at last year's pace, their equity would have been drained away in three or four years...
...bodyguards for ex-Presidents and their families has swelled from a first-year expense of $49,507 in 1964 to more than $12 million this year. Although the three former Presidents pay for their personal travel, taxpayers finance accompanying staffers and Secret Service agents. When Jimmy and Rosalynn Carter visited the Middle East in March, a reported 36 agents went along on the 19-day trip. Robert Powis, an official at the Treasury Department, which oversees the Secret Service, insists that the expensive protection for former White House residents is small compared with the national trauma that might result from...
Spokesmen for the trio of past Presidents say they are judicious about spending Government money. Of $800,000 Carter received for his transition, he returned $128,000. Ford regularly gives back $12,000 to $14,000 a year in expenses. When Nixon moved from Manhattan to a house in Saddle River, N.J., he spent $50,000 of his own money to convert a carport into a Secret Service command post. Ford Aide Robert Barrett defends the federal allowances. Says he: "It's the only reasonable way to deal with what former Presidents have to deal with." -By Maureen Dowd...
...Graydon Carter...