Word: cente
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Dates: during 1980-1989
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Unchecked, military spending could destroy Boston. A staggering 57 per cent of all federal tax dollars go to military-related spending, most of it in the Department of Defense. This means that in 1982, Boston residents will pay $815 million in taxes for military spending. At the same time, only $441 million in property taxes will go to the city for essential services. The resulting arithmetic is brutally simple...
...year's pay for those 1240 teachers would cost $16.3 million. That amounts to two per cent of the $815 million in taxes Bostonians will give to the military in 1982. Four days of planning for the MX missile program costs $16 million. The situation in Boston seems grotesquely similar to President Eisenhower's observation in 1953: "Every gun that is made, every warship launched, every rocket fired signifies in the final sense a theft from those who hunger and are not fed, those who cold and are not clothed...
...veto message, King argued that approval of the bill-which requires five-or ten-cent deposits on all beer and soft drink containers--would cost Massachusetts some $100 million. That estimate comes from a study by Martin Feldstein. Harvard's conservative professor of Economics, and his wife, Kathleen. But pundits take Feldstein's bottom-line figure with a liberal dose on salt, especially since Feldstein's predilection for laissez-faire policy is well known. Moreover, an alternative study by MIT economist Franco Modigliani concluded that the costs would be minimal...
KING COULD ALSO have bolstered his own foundering political status. Sensing the country's conservative mood, he called the bill an intrusion of big government and vetoed it. But 70 per cent of the voters support the bill, and King can ill afford to lose votes. Currently his popularity runs about 10 per cent: it can only slip further because of the veto. He is likely to lose even more credibility if the legislature overrides his veto-- as the House already has and as the Senate may well do today...
This increase, along with income from new investments, stimulated a 23-per-cent rise in the annual amount of money given to Yale's endowment, Stevens said. He added that although this rise in endowment did not affect the budget this year, "over time we'll be able to spend more money...