Word: gargantuans
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...decline in the gargantuan U.S. trade deficit is welcome news. Last week the Government gave cause for restrained cheers in reporting that the trade deficit narrowed slightly in September, falling to $12.56 billion, down $760 million from the previous month. The drop may have resulted from the weakened dollar, which has depreciated by as much as 40% against the Japanese yen and major European currencies since it peaked in February 1985. Declared Secre- tary of Commerce Malcolm Baldrige: "We have turned the corner on the trade deficit...
...American harvest is the gargantuan creation of strong men and women, hard work, ingenuity. But this year's harvest is bittersweet. In the drought- stricken Southeast, there is not enough: fields are burned, stunted. Almost everywhere else, too much: glut, a beautiful curse costing $25.5 billion for price supports and subsidies. Wherever one looks, American agriculture, the very rock on which the nation stands, is in some kind of trouble...
They said it couldn't be done . . . couldn't be done . . . couldn't be done. Scrap the gargantuan federal tax code and write a simpler, fairer one? How naive! Drastically reduce top tax rates to their lowest levels in 58 years by throwing out the special breaks and deductions that have accrued over the past four decades? No way! Let the free market determine how people spend and invest their money rather than allow shills for favored industries to use the tax code to tinker with the economy? Get real! Such a drastic overhaul would amount to putting the public...
...December, Congress passed, and President Reagan signed into law, the Gramm- Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985. Cast as an amendment to a measure raising the U.S. debt ceiling above $2 trillion, Gramm-Rudman was the sugarcoating to help embarrassed Congressmen swallow that gargantuan figure. The law required that annual federal deficits, now hovering at the $200 billion level, be reduced in stages to zero by 1991. It also said that if Congress and the President could not agree on the cuts, across-the-board reductions, determined by the U.S. Comptroller General, would be ordered...
...field at 50 ft., waving his fedora. You could pick up a couple of those planes from Orville and Wilbur Wright in Dayton for about $10,000. The price of the 747s, which ultimately will come close to $300 < million including crew training, support units and spare parts, is gargantuan even when compared with the famous Boeing 707s introduced by Ike and raised to sad splendor by Kennedy and Nixon. A pair cost about $15 million...