Word: dividenders
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Dates: during 1990-1999
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...best possible use for any peace dividend is reduction of the federal budget deficit. That might begin to restore the U.S. economy to the good health it will need to compete with Japan, the emerging European dynamo and increasingly vigorous Asian countries like Taiwan and South Korea. America's abysmal private saving rate (about 6% of GNP, vs. 16% for Japan) is not sufficient to provide capital for private-sector investment, particularly if Washington continues borrowing half the savings to finance the federal deficit. Devoting the bulk of future defense savings to erasing the deficit would be fitting, since much...
...BUDGET. Bush has warned Congress against spending any "peace dividend" from a reduced defense budget. He will propose to cut only about $10 billion in defense for the next fiscal year, and insists that those savings are needed to reduce the budget deficit. When Congress demands deeper cuts, the Administration will challenge members to cut in their own districts by eliminating unneeded military bases...