Word: hikes
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Dates: during 1980-1989
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Many of those in the capital who are talking about the pay hike favor it, as do students of government who contend that too many of the most talented men and women pick private industry over public service because of the siren song of much higher pay. But for many Americans "out there" who already feel that life inside the Washington Beltway is a world vastly different from their own, the prospect of such big raises right at budget-cutting time is cause for concern, derision, even anger. At their current salary of $89,500 a year, Congressmen already make...
...trillion spending plan for fiscal 1990 predicts a deficit of $93 billion, a smaller overdraft than those Reagan requested and got in earlier years, when he blamed Democrats for the deficit. It calls for a $4 billion hike in defense spending, $10 billion cuts in programs that mainly benefit the middle class and a $4 billion jump in Government efforts to assist the poor. There are some wildly optimistic assumptions, such as the forecast that over the next year interest rates will fall a whopping 2.7 percentage points...
...Government, the ticking of the debt bomb is no less disturbing. In the 1980s new democracies laboriously replaced dictatorships in more than half a dozen Latin American countries. In Argentina the third military uprising in 20 months was dispelled; shortly afterward, soldiers won a 20% pay hike. By sweeping municipal elections in Brazil's major cities last November, the left posed a credible political threat to the government of President Jose Sarney. With nearly a dozen Latin American debtor nations scheduled to hold presidential elections in the next two years, some populist candidates lure voters with promises of radical solutions...
Some experts believe local governments should hike cash refunds to people who return disposable items. Said Nicholas Robinson, who teaches environmental law at Pace University School of Law: "If we could persuade legislatures to increase the recycling price for a bottle from, say, a nickel to maybe a quarter or 50 cents, then that bottle would be a very valuable commodity...
George Bush promised during the campaign that he would fight to keep the defense budget 2% above the rise of inflation, but he is unlikely to get that much without a tax increase. Even with such an improbable hike, Bush's numbers would fall more than $140 billion short of what the military wants over the next five years. The President-elect has yet to spell out which military programs he will put on hold. Bush's likely pick for Defense Secretary, former Texas Senator John Tower, would only add to the controversy. An unabashed hawk with strong ties...