Word: investers
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...anemic savings rate of 4%, in contrast to Germany's 12% and Japan's 17%, is a key reason behind the stagnation in many workers' wages since 1973. If the U.S. government stops depleting America's savings pool, it would lower businesses' costs of borrowing and enable them to invest in the new equipment that makes their employees more productive, thus fattening their paychecks. Lower rates would also help companies create jobs by building new factories and opening new shops. Roger Brinner, chief economist with the forecasting firm DRI/McGraw-Hill, estimates that balancing the budget would raise America's yearly output...
Sens. Bob Kerrey (D-Neb.) and Alan Simpson (R-Wyo.) today unveiled a blueprint forfixing the ultimate political sacred cow, Social Security, before the system becomes insolvent in 2030. On the list: raising the retirement age, curbing cost of living increases and allowing workers to invest some of their own payroll taxes inIndividual Retirement Accounts. Kerrey, who co-chairs a federal deficit-cutting commission, failed to get even a majority of that panel to endorse those ideas in December. Today, the senators took their warnings directly to the people: "As a nation, we are consciously damning our children...
...Airness has provided the American public with a basketball demi-god and a place to invest their collective athletic pride...
...hopes of starting his project this summer, Bonfili has already contacted companies including IBM, Macintosh and Microsoft for resources. But he emphasizes that help from nearby businesses is most important because they have "more incentive to invest in their community...
Senate Budget Committee Chairman Pete Domenici (R-N.M.) and Sen. Sam Nunn (D-Ga.) -- two of Washington's most steadfast deficit hawks -- today proposed legislation to permit Americans to deduct every dollar they save and invest. The plan, asimplification of the tax codealong the lines of the Individual Retirement Account, arrives just as federal income tax reform is shaping up as a major issue in the1996 presidential election. GOP senators and White House hopefulsRichard Lugar of IndianaandArlen Specter of Pennsylvaniahave already embraced a "flat tax," andBob Doleis thinking it over...