Word: loaned
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Dates: during 1980-1989
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Bush may claim the title "education president." but his record of silence as the administration cut student aid and education budgets shows how concerned he's been for the issue before the campaign. Dukakis has proposed a college loan program that would adjust repayment schedules to a graduate's earnings and ensure that everyone can afford to attend school. He has proposed a teachers training effort to stave the frightening shortage of educators. He intends to work with the educational system in order to improve it; not waste another administration with unproductive confrontation...
Nobody likes to pay for other people's mistakes -- least of all the bankers at Great Western Financial of Beverly Hills. So the California giant, the third largest savings and loan association in the U.S., with assets of $31 billion, was indignant in 1987, when the fees it pays the Federal Savings and Loan Insurance Corporation for insurance coverage on deposits went up by 150%, to $43 million a year. Healthy S and Ls like Great Western were being forced to subsidize the cash-starved agency's efforts to rescue scores of poorly managed, insolvent institutions...
...unable to articulate his vision. His most ambitious campaign proposals bear Dukakis' characteristic stamp of liberalism on the cheap. He would mandate that employers provide health insurance and covertly pass along the costs to consumers in the form of higher prices. In a technical sense, Dukakis' college-loan proposal is a wonder to behold: graduates would repay the money in the form of a small surcharge on their lifetime earnings, with the Government largely playing the role of collection agent...
...make matters worse, PBH did not receive a$32,000 grant it was counting on from a privatefoundation and must also repay a $50,000 loan tothe University, Truong said...
Last week, following a quick round of negotiations between the U.S. and Mexican officials, Washington announced an emergency $3.5 billion loan to Mexico, the biggest such relief package since the Latin American debt problem arose in 1982. The short-term credit is designed to tide Mexico over until the end of 1988, when it expects to receive new loans from the World Bank and the International Monetary Fund...