Word: growth
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Dates: during 1980-1989
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...truth is that all of the nation should feel ashamed and enraged by the sorry condition of the underclass. Its misery in the midst of an affluent society is a disgrace. While the growth and strength of the black middle class prove that the U.S. has gone far to untangle its racial conundrum, racism remains at the top of a long list of unsolved national problems. The success of middle-class blacks is mainly the product of their own hard work and tenacity. But it would not have occurred without the national consensus, embodied in civil rights legislation, to dismantle...
There are already unsettling signals that the future growth of the black middle class is in jeopardy at its source. For one thing, while rates of college enrollment by black women have remained steady, the number of black males enrolled in colleges declined from 470,000 to 436,000 between 1976 and 1986. That represents a drop of 34,000 students during a period when total college enrollment grew by more than a million and the proportion of black students who finished high school climbed from 68% to 76%. Possible explanations include the shift from grants to loans in federal...
Most important for Bush, runaway interest rates would cast a pall on the Administration's sunny outlook for economic growth, which is central to its plans to cut the budget deficit. The White House expects the economy to expand by a robust 3.3% in 1989, vs. the 2.7% growth rate predicted by a consensus of top private forecasters. The Administration's scenario for a fast-moving economy would raise more than $80 billion in fresh tax revenues and help Bush meet the $100 billion deficit ceiling mandated by the Gramm-Rudman law for fiscal...
...without a tax increase, which Bush has ruled out, or politically unpopular spending cuts, which the President seems loath to initiate. Bush's strategy of leaving the hard choices to Congress has led so far to budget gridlock. Concedes a senior Administration official: "If Congress accepts our budget, economic growth and inflation and interest rates will take care of themselves. But if the bickering drags on, the Fed is going to give us all a hard time...
Jones prefaced her speech by praising the growth of women's studies but added that more minority scholars are needed...