Word: deficits
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Dates: during 1980-1989
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...reduce the budget deficit, Dukakis favors numerous spending cuts, including the reduction of federal subsidies to grain farmers. He also hopes to reap billions of dollars owed to the government in taxes, with his Revenue Enforcement Program...
Mark Schlesinger, assistant director of the Center for Health and Human Resources Policy at the Kennedy School and a health policy adviser to Dukakis, says that both candidates' fears of the budget deficit and the voters' unwillingness to pay higher taxes have led to "borderline deceptive" proposals...
Most of Dukakis' trouble comes from his inability to recapture Democrats who voted for Ronald Reagan in 1984. A month ago, Dukakis was 8 points behind with this group; now his deficit is 17 (52% to 35%). Yet many of these swing voters were within his reach: among those now favoring Bush, 27% say they once considered going for Dukakis. He could not close the sale with these potential supporters because he could neither inspire them nor fend off Bush's relentless attacks on him as a marshmallow where crime and national defense are concerned...
...surface, the news from the Commerce Department looked bad. Showing the effects of a still high trade deficit and this summer's drought, the U.S. gross national product expanded at an annual rate of only 2.2% in the third quarter, down from 3.0% in the previous three months and the weakest performance in nearly two years...
...Western credits come none too soon for Gorbachev's rickety economy. The day after Kohl's departure, Soviet leaders admitted for the first time that their government has been running a hefty budget deficit. Finance Minister Boris Gostev told members of the Soviet parliament that this year's red ink would total $58.8 billion...