Word: latta
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Dates: during 2000-2009
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...deficit reduction for 1986 would supposedly come from curtailing the practice of contracting out to private industry such services as security and cleaning for federal buildings. The House, defying decades of experience, assumes that the Government could perform these functions far more cheaply itself. "Baloney," scoffs Congressman Delbert Latta, ranking Republican on the House Budget Committee. A committee staffer concedes that the figure was reached not after careful study but by "aneducated guess...
...Americans have a debt problem? Big time. Nearly 14% of our disposable income goes to repay loans, the highest level since 1986, according to economist Cynthia Latta at Standard & Poor's. Credit-card debt and total household debt are at record highs relative to personal income. Even if you sweep aside thoughts of recession, it still makes sense to pay down debt as rates rise. Most debt, including credit cards, home-equity lines and many mortgages, carries variable rates, so your costs will be increasing...