Word: deficits
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Dates: during 1980-1989
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...cost from taxpayers. Of the $50 billion that the Government will spend on the bailout in this fiscal year, $30 billion will be borrowed through bond sales and will be considered "off budget." It will not be counted as Government spending and will not exacerbate this year's federal deficit. The remaining $20 billion will be in the budget, but slipped in through a loophole in the Gramm-Rudman-Hollings law, so that the spending will not push the fiscal '89 deficit over the statutory limits and trigger automatic budget cuts. As a result, the '89 deficit will grow...
...stretches of white sand beaches along the Baltic coast became too polluted for swimming. An influx of outside manpower threatened to make Latvians a minority in their own homeland. The hardworking Estonians learned to their amazement that by Gorbachev's reckoning, they were supposed to be running a yearly deficit of 500 million rubles in the Soviet Union's federal budget...
Since the election, though, many Democrats have begun to see a certain expediency in welfare for the wealthy. The reason: a cut in the capital-gains tax would produce a burst of revenue for the Treasury, helping Congress meet its targets for reducing the federal budget deficit, at least in the short term -- the only term that seems to matter in Washington. During the first few years of a lower tax, investors would rush to realize the appreciation on their stocks and other assets and thus pay taxes on them earlier than planned. Once this spurt of early tax collections...
When defense-industry executives gather to talk about business these days, their cocktail of choice may be Maalox. As Congress debates how to cut the Pentagon budget, one outcome is virtually certain: programs will be abandoned and assembly lines shut down. Under pressure to cut the federal deficit, Congress and the Bush Administration are determined to shear billions of dollars from military outlays. As a result, anxious defense-industry + executives from New York's Long Island to Los Angeles are frantically lobbying to keep their weapons programs alive. Tens of thousands of jobs depend on the decisions now being made...
...hard-liners the only threats to his position. If workers from other large industries take inspiration from the coal miners' success, as Gorbachev said he has, they could swamp the economy with a tidal wave of strikes. And with estimates that the budget deficit is already running about $160 billion and production growing by only 2.5% instead of the hoped-for 6%, Moscow would be hard-pressed to make more payouts like the one it gave the miners. Perestroika might make strikes more likely, since reform will eventually entail decontrolling prices and closing inefficient factories, measures that workers are likely...