Word: grossness
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Dates: during 1980-1989
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...size of deficits will largely be determined by the level of economic activity in 1982 and after. Experts estimate that every one percentage point decline in annual gross national product translates into approximately $8 billion to $10 billion in additional deficit spending because tax receipts fall off and unemployment insurance payments rise. The Administration's Council of Economic Advisers had been expected to come up with a firm forecast of economic activity for 1982 three weeks ago, as part of the process of preparing the fiscal 1983 budget that Reagan will submit to Congress in January. But the report...
...flag on July 14, Bastille Day, 1870. Now those unhappy days of strife are long forgotten, and America and Louisiana are friendly neighbors. Our own population is 75 million, according to the 1980 census, just 7 million less than that of Louisiana and its Indian protectorate, Amerinda. Our gross national product, however, is considerably larger: ?439 billion, compared with their combined total of ?369 billion...
...locked in an acrimonious contract dispute with Portland's owner. Guard Lionel Hollins, ball-handler and playmaker nonpareil, also wrangled with management; he and Lucas were soon traded. Their running mate, Dave Twardzik, stumbled about the court, a man suddenly severed from a rare athletic symbiosis. Forward Bobby Gross was injured for most of the season, and when he did play was so shell-shocked by the devastating changes that he was unable to blend into the new club. Presiding over it all was Coach Jack Ramsay, a fiercely proud tactician who did not coach as much as seek...
...well enough to capture the second-half crown. Perhaps fortunately for the game, Oakland eliminated the unworthy Royals in three straight last week. As it was, the play-off games had an oddly perfunctory character. "I should be excited, but I'm awfully relaxed," said Oakland Infielder Wayne Gross, after hitting a three-run homer in the A's opening victory. "Somehow this mini-series seems devalued...
While the national debt grew from $48.9 billion in 1941 to $370.9 billion in 1970 and on up to nearly $1 trillion in just the past decade, it now represents a much smaller percentage of the gross national product than at many other times. In 1946, after the heavy borrowing to pay for World War II, the national debt stood at $269.4 billion, or about 115% of the G.N.P. By 1964, the debt was down to 51% of G.N.P., and it is now just...