Word: grow
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Dates: during 1980-1989
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Perhaps the source of this introspection is a retreat from the grave but somewhat intangible problems that are our main threat these days. Our enemies have no faces any more. Budget and trade deficits, atmospheric pollution, or AIDS, are all soluble, but they are complex and they grow upon us almost invisibly. Even our main human antagonists can no longer be named or placed. They are terrorists, whose actions strike us without warning...
Melrose got whistled again? (Begin to cheer.) What did he do? Make a Vermont player eat ice? (Chant his name.) There he goes into the penalty box. (Chants grow louder...
...economists forecast that the U.S. gross national product, after adjustment for inflation, will grow a poky 2.3% in 1989, down from an estimated 2.8% last year. The economy will slow as the Fed's tightening grip on the money supply pushes up interest rates. At a growth rate of about 2% or less, most economists think the U.S. can expand without getting out of balance. "This is a slowdown the Fed can be happy with," says David Wyss, chief financial economist for Data Resources...
...slows down to a growth rate of exactly 2% and inflation starts to slow. But as a practical matter, it rarely works out." If credit is too tight, the resulting interest- rate run-up could trigger a recession. And if the Fed allows inflation to quicken, the markets will grow panicky and the dollar could grow shakier...
...give economists much reassurance. The program calls for the total elimination of the budget deficit by 1993 by freezing all Government spending after adjustment for inflation except for Social Security and interest payments. But many economists believe the plan relies on overly optimistic assumptions that the U.S. economy will grow more than 3% a year through 1993 while inflation declines to about 2%. Sinai considers the Flexible Freeze Plan "unrealistic and unworkable...