Word: debts
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Dates: during 1990-1999
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...declining veteran population, coupled with streamlined management and reform of the arcane eligibility rules that keep veterans' hospitals from delivering care in the most efficient way, should enable the VA to maintain its level of service. "Without a balanced federal budget," he adds, "rising interest payments on the national debt would soon crowd out our ability to continue providing for the nation's veterans...
...House doors to discuss how to bridge their differences over the G.O.P.'s seven-year balanced-budget plan, which includes large tax cuts and a Medicare overhaul. In an unsurprising development, no agreement was reached--not on the budget plan and not on an extension of the nation's debt ceiling, which is scheduled to expire sometime this month. Republicans have said they won't agree to more than a brief extension of the debt--which must be approved by Congress and is necessary to avert default on billions of dollars in government bonds--unless President Clinton agrees to accept...
...first results of the investigation of Bill Clinton's former Agriculture Secretary Mike Espy, Lake--whose clients include powerful agribusiness interests--pleaded guilty to charges involving a scheme to benefit Espy's brother Henry. A failed run for Congress had left Henry Espy with a $75,000 bank debt. To help him pay it--while evading the ban on corporate contributions to federal election campaigns--Lake persuaded three associates at his lobbying firm to make personal contributions of $1,000 to Espy's campaign. Lake did the same. Then he reimbursed everyone, including himself, with funds from a fictitious billing...
...their food in bulk and reuse their plastic sandwich bags. Patricia O'Leary, a bookkeeper from East Brunswick, New Jersey, has read 20 simple-living books and subscribes to three simplicity newsletters, which she says have helped her and her husband Daniel wipe out a $19,000 credit-card debt. "We're happier now," she says, "and we have more time for the kids [who get new toys only for Christmas and birthdays]. We used to have take-out food three nights a week. Now we usually get a pizza delivered on Fridays...
...example of a "popular misconception" created by the media, Buckley cited the belief that reduced taxation during the Reagan years led to the development of a national debt...