Word: drainings
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...beneficiaries, after holding at about 3 to 1 into the early 21st century, could drop to as low as 2 to 1 by 2030. According to some projections, the Social Security taxes that those two workers and their employers would have to pay to support one retired person could drain away 25% of American payrolls. That would not only put an all but unbearable strain on the 21st century economy, but could provoke a tax rebellion among the young. Warns Michael J. Boskin, an economist and Social Security expert at Stanford University: "This could cause the greatest polarization...
...solution that gets very little discussion is any raising of Social Security payroll taxes still further, on top of the huge future increases already written into law. Though some Social Security experts believe that a relatively small additional increase could both stop the immediate cash drain and build adequate reserves to handle the 21st century demographic dilemma', the idea makes politicians shudder. As a matter of equity and politics, there is little appeal in further increasing a tax whose burden falls most heavily on low-income workers, while the well off escape Social Security taxes on a portion...
...last event on the thinclads' roster for this season is the National AIAW Championship at Texas A & M in two weeks. Because of the drain of college talent to the NCAA this year, as well as being scheduled during Harvard's exams, most Harvard qualifiers have indicated that they will not compete...
American generosity toward refugees in the past prompted charges that the U.S. was cynically encouraging a brain drain from Viet Nam. According to Derek Davies, editor of the Hong Kong-based influential weekly Far Eastern Economic Review, the U.S. refugee program has acted as a "pull factor," bleeding Viet Nam of skilled workers. American officials deny this. They point out that although many of the first refugees were professionals and educated civil and military officials, later boat people have been broadly representative. Said a U.S. diplomat in Bangkok: "There are more than enough 'push factors'-forced resettlement, political...
...LAST DECEMBER'S Atlantic interview. David Stockman referred to a "swamp of $10-20-30 billion of waste" in the Pentagon budget. To drain that swamp. Stockman proposed to President Reagan significant cuts in the defense budget. Despite his arguments, and the prospect of an ever-growing federal budget deficit, Reagan sided with Defense Secretary Caspar Weinberger '38 and his grandiose plans for rearmament at a fantastic cost: $1.6 trillion over the next five years...