Word: debts
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Dates: during 1990-1999
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...Republicans will regroup. They are already doing so. The Speaker's capitulation this week--his deal on a continuing resolution and hints that he will help raise the debt limit--may mark the end of the G.O.P.'s self-righteous, hard-ball strategy. Even the freshmen know they have been outflanked. Admits first-year Kansas Congressman Sam Brownback: "We probably should have done a better job studying the lessons of history...
...same thing about fiscal retreats. Last week, after months of budget stalemate, Newt Gingrich floated a conciliatory plan that could actually reverse course on the deficit. According to his proposal, Congress and the White House would claim victory by adding a "down payment" on a balanced budget to the debt-ceiling extension the G.O.P. now says it will pass next month. The package Gingrich outlined would shave as much as $100 billion from spending during seven years, devoting $25 billion of this to tax cuts. If this package sounds familiar, there's a reason. It's a pale twin...
...Scotland minister announced that Diana's father Earl Spencer told him as a young man that he had dated Princess Elizabeth before she became QEII. And the Queen's other daughter-in-law had the honor of becoming the first royal-family member to be sued over a debt. A society hostess claims Sarah Ferguson owes her $142,500, money borrowed for a holiday in France. On the upside, Fergie's also the first royal to have had talks with CBS about having her own show...
...beach-going at least 300 days of the year; sporting events are rarely rained out; and the allure of hiking in the mountains and the desert is ever-present. Its mayor has decided to invest money in the Chargers rather than pull the symphony out of its $3 million debt...
...children to paying higher and higher taxes not to move forward but just to stay in the same place. In fact, each and every one of us will already have to pay $187,000 in taxes over our lifetimes just to pay off the interest on our national debt, according to Republican estimates. And if we refuse to make the hard choices and the tough cuts in programs today, all Americans--rich and poor, young and old--will suffer incredibly for it tomorrow...