Word: deepening
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...sentiment on the right was Newt Gingrich of Georgia, long a spokesman for Republicans still enthralled with Reaganomics. He temporarily relinquished his post as House Republican whip to lead a crusade against the tax increases at the heart of the measure. "This budget package with its higher taxes will deepen the recession and increase the number of unemployed," he said. Gingrich urged a freeze on discretionary social spending, which would ease pressure on Medicare, and revived the argument for a cut in the capital-gains tax, though that would lose money over the long...
Thirty-five years ago, half a dozen students at Korea University in Seoul decided to deepen their understanding of the world and polish their knowledge of English by meeting to read and translate TIME. The idea blossomed into a more formal organization known as the Time Club. Since its founding, the organization has attracted thousands of members and generated similar groups at more than 50 other universities around the country...
...State Department there were suspicions that the Administration's preferred scapegoat might be Ambassador April Glaspie, who left Baghdad for Washington the day before the invasion. At a meeting with Saddam on July 25 she told the Iraqi President that George Bush "personally wants to expand and deepen the relationship with Iraq." She assured him that "we don't have much to say about Arab-Arab differences, like your border differences with Kuwait. All we hope is that you solve those matters quickly...
...Amending the Gramm-Rudman-Hollings targets. Cutting the deficit to $64 billion as the law mandates would require either the sequester or a combination of spending cuts and new taxes equal to 2% of the gross national product. Since the economy is faltering, either choice would deepen a recession. Now that American troops are in harm's way, the slash in Pentagon spending that the sequester would bring is unthinkable. Both sides are thus likely to postpone the deadline by several months...
...just about killed all hope of a post-cold war peace dividend). So far, the valiant resistance to higher oil prices has substantially increased the price of oil, and an actual war with Iraq would undoubtedly increase it a great deal more. The impending recession would deepen and spread around the world. So how is President Bush, who can't even keep the budget deficit much under $150 billion (not to mention the S&L disaster), going to pay for all that? More fund raising among the Germans and Japanese...