Word: cuttingly
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...union has struck one or another of the companies each time around; early speculation is that this year its prime target will be GM. Main demands will be for inflation protection and a shorter work week, but the liberal union's stance could harden if Carter moves to cut social spending...
...have been a cozy breakfast on the Paramount lot, just the vice president and the heads of the major movie studios and television networks discussing how to promote cancer awareness. Then Al Gore marched in with a rough cut of his own: a five-minute video of movie and television scenes in which the hottest stars - John Travolta, Nicolas Cage, Winona Ryder among them - were smoking cigarettes. The 1997 power breakfast quickly became a food fight, with accusations of irresponsibility and censorship flying back and forth between Gore and the angry moguls...
...trillion-dollar hole By allowing workers to divert part of their payroll taxes to private accounts (Bush hasn't said how much this would be; the fraction his advisers throw around is one-sixth), Bush cuts the size of the social security surplus almost in half, by about $1 trillion. And not using that money for debt reduction adds an additional $300 billion to the government's interest bill. These costs (along with his $1.6 trillion tax cut) mean it will take longer for Bush to eliminate the national debt, leaving less money in the future to guarantee Social Security...
...Social Security's basic guarantees must not change, says Gore. So he proposes pouring more revenue into the program in order to fund the retirement of the baby boomers without having to raise payroll taxes or cut benefits. Since the Social Security system cannot keep big cash reserves of its own, Gore relies on a two-step process: He uses $3.5 trillion of the projected surpluses over the next 12 years to pay down the entire national debt; then he takes the resulting savings in interest payments (which by 2015 will amount to more than $220 billion a year...
...read my lips problem By promising never to raise the retirement age, cut benefits or raise payroll taxes, Gore banks on the surpluses created by the good economy to pay for the baby boomers' retirement. If the economy goes into recession, Gore will have a painful choice: go back on his word, or take money from the rest of the budget to pay for Social Security (which could mean raising income taxes, cutting spending in such programs as education and health care or running up annual deficits...