Word: investments
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Dates: during 1980-1989
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...levers of government, along with state money, to goad business into helping achieve liberal goals -- from rebuilding depressed areas to providing health insurance for all workers. Can this liberalism on the cheap work on the federal level? There is reason to wonder, especially since the resources Dukakis proposes to invest seem so paltry compared with his promises. But he does have the virtue of being the first modern Democratic nominee who can talk of plans and programs without prompting voters to check their wallets...
...example) as an unproductive distortion of the system. "What made stock markets important in an economy," he writes, "was their transmission of investors' judgments as to which industries and which companies were most likely to thrive and thus should find it easiest to raise fresh money. For professionals to invest huge pools without exercising that sort of judgment subverted some part of the legitimacy of market capitalism...
...believe that it is time for America, within a strong commitment to fiscal responsibility . . . to . . . reinvest in its people, to invest in new priorities . . . in lifelong education and training . . . in targeted economic development . . . ((in)) rebuilt American infrastructure and public facilities...
...Read invest as the new Democratic code word for spend; rarely have so many potentially budget-busting programs been separated by so little punctuation. Dukakis is the apostle of "targeted economic development," while Jackson has . stressed creating public service jobs to rebuild America's "infrastructure." The platform neglects to explain how "fiscal responsibility" might be achieved. But Jackson is likely to wage a convention floor fight on this point to insert a pledge to raise the taxes of the wealthy. Dukakis' likely response: "Go ahead, make...
What to do with the money until it is needed? Democratic Senator Terry Sanford of North Carolina has introduced a bill that would require the trust fund to make loans for education and economic development. Republican Congressman Bill Green of New York wants to invest the fund in public works like housing projects. Says he: "The future, albeit temporary, riches of the Social Security system offer us a genuine opportunity to deal with some pressing national needs." But critics charge that using the surplus for general governmental programs creates a demand that is hard to turn off once the need...