Word: dangerous
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Dates: during 1980-1989
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...long jumper's greatest danger is that he will step over the take-off board by mistake and disqualify his jump. In the GBCs Johnson leapt well over 25 ft. but was disqualified. In fact he fouled twice in the preliminary round and nearly didn't qualify for the finals...
...prescription for appeasement, passivism and isolationism; the hardliners' rejoinder-"No more 'No more Viet Nams!' could translate into a recipe for macho bullying: "Let's go beat the stuffing out of somebody somewhere just to show that we're tough again." The danger of the first response is paralysis; the danger of the second is reflexive, un thinking action. Neither impulse makes for sound policy...
Charles Schultze, chief economic adviser to President Carter, feared that with so enormous a deficit Congress would lose its enthusiasm for budget cutting. Said he: "The danger is that once the job looks too big, you give up. If you're faced with cutting a $60 billion deficit to $30 billion, that's one thing. But what do you do with a $200 billion deficit...
...starting over would be a good remedy for the current economic problems. For 20 years the U.S. has suffered from stop-go policies. As soon as unemployment started to climb, the battle against inflation ended. Then when prices began to jump, policy was reversed again. Said Feldstein: "The greatest danger is that we panic and undo all the gains we have achieved in reducing inflation and easing the burden of excessive federal spending...
...second danger of deficits is that the Federal Reserve will attempt to keep credit available by increasing the money supply. The result would be still more inflation. "As a general rule, deficits are by their very nature harmful," says Alan Greenspan, former chief economic adviser to Gerald Ford and now an unofficial adviser to the White House. "Deficits either pre-empt credit available to nongovernmental borrowers or, to prevent that from happening, the Federal Reserve winds up pumping more money into the economy, which causes inflation to rise...