Word: dilemmas
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...nation, but especially a superpower, must reserve the option of armed action in defense of its vital interests. To foreclose that option in a nasty little crisis close to home would raise new questions about American defense commitments all over the world. The other half of the dilemma is that if the U.S. does resort to force, it must do so-and be seen to do so-in order to defeat real enemies in the here and now, rather than to exorcise ghosts from half a decade ago and half a globe away...
Greenspan, in contrast, saw a positive side to the budget dilemma. In the past, he said, the lawmakers always believed that inflation would raise revenues and create a surplus within a few years. They used this "fiscal dividend" from inflation as a justification for launching costly new spending programs. As a result, the budget never came into balance, but took up an ever larger portion of U.S. income. Federal social programs alone account for 12% of the American G.N.P., up from 8% in 1960. Now that indexing has eliminated taxation through inflation, Greenspan argued, Congress may finally be forced...
...dilemma has split the Administration. Weinberger made clear his dissent from the current no-default policy at a dinner with reporters last week. At the next National Security Council meeting, Weinberger in effect apologized for his indiscretion. Reagan, however, made it known that the issue was still open, telling intimates that he was only deferring default "for the moment." Poland has more than $100 million of federally insured payments that are due to U.S. banks in February and March, and $221.3 million more due this year. Although the U.S. has not played its default card, neither has it been discarded...
Linkage means making cooperation with Moscow in one area contingent on Soviet self-restraint in others. That proposition has a profound appeal for any American who ponders the dilemma of having to share the planet with a nation like the U.S.S.R. Soviet internal and foreign policies are anathema to American national interests and to universal humanitarian values. Yet the dangerous accumulation of thermonuclear weaponry by both superpowers makes it imperative that they try to get along. Therefore, even the most righteously anti-Soviet Secretaries of State almost always pick up where their predecessors left off, sitting down with the durable...
...same dilemma, even more severe, faces graduate students, many of whom are already financially independent of their parents. Under the proposed cuts, graduate and professional GSLs--which help support about 650,000 students nationwide and 5100 at Harvard--would be eliminated entirely. Officials say providing in-college loan programs to replace GSLs, as the Business School already does, would not only require enornmous investment's but also impose such heavy debt burdens that students might feel unable to pursue any but high-paying careers after graduation...