Word: debts
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Dates: during 1990-1999
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Lord knows I could use the money. I have too much credit card debt, eat too much pasta, and routinely glance at a fellow straphanger?s Wall Street Journal in the morning to try and save that 75 cents a day. The best financial news I?ve had lately was that I never found the money to buy stock in AOL (battered along with the rest of the techs last week, it hit 77 Thursday, down from 170 in April). Risk capital? It's tough enough to find rent capital, and I?ll bet, boom or no boom, that...
...Class squabbling aside, most folks seem to agree that paying down the national debt -- as long as we?ve got some extra money ? ought to be our first priority. They?re absolutely right. And the polls indicate that people also think that Bill Clinton is the man to do it for them. (This impression, most likely, is the result of countless Clinton speeches about irresponsible "instant gratification" on the Republican side and safe, sane saving for the future by your friends at the White House.) Clinton keeps saying only he can save Medicare and Social Security; the Republicans say they...
...both Clinton and the Republicans have already promised to devote two-thirds of the projected $3 trillion, ten-year surplus on shoring up Social Security and Medicare. (In the short term, that means national-debt reduction, because the programs are still healthy, and will remain so for 20 years or so until the baby-boom retirement hits us full-force.) The fight is over that last trillion (give or take a few hundred billion). Republicans want to give $792 billion of it back to the people, and Clinton wants to spend a nearly equal portion -- $750 billion, by some calculations...
...Medal of Freedom symbolizes the debt of thanks all Americans owe to this man who saved millions of acres of wilderness for our children to enjoy," he said...
...headed home for a one-month recess to make their case. TIME White House correspondent Jay Branegan says each side will be preaching to the choir. "Democrats will make the argument that?s been successful with their base thus far -- Clinton is saving Medicare and paying down the debt, and Republicans are merely helping the rich." They?ve got a point: According to the Treasury Department, the middle 60 percent of American families would have gotten 33 percent of the tax breaks under the original Senate plan ?- not a lot to begin with -- but only 21 percent of the cuts...