Word: lowing
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Dates: during 1980-1989
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Unemployment is near a 14-year low. Inflation has been cut to about a third of its pace in the early 1980s. Interest rates are only half as high as eight years ago. The U.S. economy shrugged off the October 1987 stock-market crash to record a sixth straight year of growth, a feat unprecedented during peacetime. So why, given the fact that pocketbook issues eventually dominate almost every presidential campaign, is George Bush not running away with the election...
...further than high school is one potential source of antagonism. Another is the growing cleavage between young and old. While young couples wonder if they can ever buy their dream house -- or any house -- people of their parents' generation are sitting on a gold mine. Many have paid off low-interest mortgages on houses bought a quarter-century ago for around $20,000 and now worth perhaps ten times that...
...most sensible, though politically explosive, step would be to tax Social Security payments like ordinary income, as is done with private pensions. The low-income elderly would still be lightly taxed; those with higher incomes would pay enough more to provide money that could be used to invest in basic medical care for children and to provide larger earned-income tax credits for the working poor who receive few welfare benefits. When the time comes to increase taxes to balance the budget -- and come it will, however much politicians shrink in horror from the "T" word -- consideration must be given...
Bush advocates a wider use of Head Start, a program he supported when he was a Congressman. He has also talked about child care and has proposed a $2.2 billion package that would provide low-income families with a $1,000-per-child tax credit. Such a tax credit, however, can hardly accomplish what it is designed to do: allow a mother to pay for day care or permit her to stay home with her children. Bush recently underwent a campaign conversion and said he would support raising the minimum wage (as long as it was coupled with a subminimum...
...prenatal care and neonatal care is the first step. Dukakis' proposal to spend $100 million for prenatal care for mothers not covered by health insurance is a welcome acknowledgment of this. Each dollar spent on prenatal care saves more than $3 later in the care for babies with low birth weight. The same thing goes for remedial education. The earlier a child gets help, the less radical the later discrepancy between children of poverty and children of affluence. Head Start (which only reaches one of six children who are eligible for it) begins at three and four -- but that...