Word: denting
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...cold breath of unemployment." On the other hand, inflation touches all Americans, and the country as a whole would pay a price if the White House switched from fighting inflation to combatting unemployment. Warns Federal Reserve Board Member Henry Wallich: "By the time you've made a dent in Detroit's unemployment, you've sent inflation through the roof for everyone." In effect, Reagan is betting he will not have to make that switch, but if the unemployment rate continues to climb, he may have no real choice...
...couple of months, 10 million people are going to be unemployed. To talk of job training is ridiculous. It's a flim-flam." Charles Schultze, who was chairman of President Carter's Council of Economic Advisers, argues that job programs "wouldn't make much of a dent" in recession. One traditional problem is that Congress usually votes for such programs in the middle of a recession, but by the time the money gets around the country the economy has recovered and the added federal spending merely fuels inflation...
...even if the domestic-program cuts are accepted, they will make little dent in the $152 billion deficit Reagan's advisers are now projecting for next year. Some of Reagan's top aides, such as Stockman and Chief of Staff James Baker, have been arguing that the deficit must be tamed by raising new revenues, perhaps through a windfall-profits levy on deregulated natural gas, plus excise-tax increases and the closing of loopholes. They hoped that by walking the President through the tough budget-review process, he would become convinced of the need for new taxes...
...Democrats off one another to win approval for his package of across-the-board tax cuts and budget reductions. But if Stockman won the first big battle for the supply-side, the doctrine failed him in its debut on the market place. The summer's victory hardly made a dent in the soaring interest rates that threatened an imminent recession...
...students to participate in community service. Such activities may represent some small way of reinculcating the sense of decency that so many say is now lacking. Unless Bok's new committee takes a drastic step, however, like calling for mandatory community service, it probably will not make a big dent in the "civility problem." Still, the University has to begin somewhere. If unacceptable behavior is "neglected much longer," one veteran professor argues, "all the Core Curricula in the world will not salvage the place." After years of putting undergraduate affairs low on the list of priorities, President Bok now apparently...