Word: drain
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...political damage. Phillips and other conservatives, encouraged by the election of independent Walter Hickel as Governor of Alaska on an antitax platform last month, are organizing what they call the U.S. Taxpayers Party. Phillips concedes that the party lacks a "rallying point" so far. But the incipient revolt could drain off crucial Bush votes...
...bailout's relentless drain on the U.S. Treasury provided a grim backdrop to the stalemated budget talks. After 125 days of partisan wrangling, negotiators from both parties were nowhere near agreement last week on how to pare $50 billion from the 1991 deficit and $500 billion over the next five years. If a deal is not reached by Oct. 1, the government could face $100 billion of across-the-board budget cuts. While lawmakers contemplated legislation to avert that sweeping move, the White House threatened to veto such a measure in order to force a resolution of the budget deadlock...
During the early days of detente, Henry Kissinger argued that wrapping the Soviet Union in a web of agreements and exchanges would drain off its belligerence. Ronald Reagan believed in "constructive engagement" to break down the apartheid regime in South Africa. Bush refused to freeze contacts with China even after the massacre of students in Beijing...
...deposits in commercial banks. And if the fund was exhausted, the government might have to provide a bailout with taxpayer money. Just a day after Bowsher's testimony, the Congressional Budget Office predicted that even without a recession, some 630 banks will fail over the next three years and drain the FDIC of more than $20 billion, far more than the insurance fund is likely to have on hand...
Since the Italians are here for two more weeks, there's a chance they'll do something even more ridiculous before they leave. We're going down to Washington for three days, and I hope they don't get it into their heads to drain the reflecting pool or rock climb the Washington Monument...