Word: defaulters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...threat of a default on the national debt, that was really more about spin than substance. The G.O.P. had long intended to use the need to lift the debt ceiling to gain leverage in budget negotiations; the Administration had an equal interest in casting the Republicans as reckless for holding the nation's credit hostage to "extreme" demands. Both sides, however, were quietly counting on Treasury Secretary Robert Rubin to stave off an actual default through internal bookkeeping changes--and last Wednesday he came through. He used an arcane process called "disinvestment," which enabled him to shift tens of billions...
...agencies, museums, parks and laboratories to a halt. "Essential" workers--including national-security, safety and communications personnel--were ordered to stay on the job during the crisis. Treasury Secretary Robert Rubin juggled the federal books and tapped two civil service retirement funds in order to avert a potentially chaotic default on government obligations...
...moment, most of the Americans who flocked to Powell will retreat to their political default mode. Powell Republicans are reclaimed mostly by Robert Dole. Powell Democrats drift back to Bill Clinton. But having been beguiled by the dream of a third way, voters won't go happily, and quite a few will be ready to run off again with any newcomer who talks their language. Take your pick. Newt Gingrich, Jesse Jackson, Ross Perot or one of his surrogates. Some late bloomer in the New Hampshire primary field. It will be a while before the restless American electorate has sorted...
...remind Perot's followers of why they rejected both parties in the first place, there is the prospect this week of a partial shutdown of the Federal Government or a temporary default on U.S. debt payment. Both could happen if the President vetoes the temporary debt-limit extension that the Republican Congress has put before him, and that requires him to approve their budget proposals. This is macho, partisan face-off time. If you're a Perot voter, or even if you're not, there could hardly be a better example of Beltway fecklessness...
These results are especially encouraging in light of the fact that a strong Boston University squad lost several of their matches to the Korean team by technical default...