Word: meeting
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Dates: during 1980-1989
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...three most important words in Bush's address remained the familiar cry of "no new taxes." That read-my-lips pledge from the campaign presented the President with what may prove an insoluble problem: how to meet the Gramm- Rudman target of a $100 billion deficit on his $1.16 trillion budget for fiscal year 1990. The commitment to comity with Congress ruled out the Reagan- era approach of proposing draconian, and politically unrealistic, cuts in domestic spending that would be immediately declared "dead on arrival." The familiar device of using overly optimistic economic assumptions to gild the budget...
...limits for Bush is the defense budget, frozen at $291 billion after allowing for inflation, and the near sacrosanct $247 billion for Social Security. Unfortunately, those huge budgetary no-trespassing signs mean that only meat-cleaver slashes in the jumble of discretionary programs could possibly make the Bush proposal meet the Gramm-Rudman targets. But the President's team is not going to squander political capital on such a fool's errand; that messy job is left to Congress...
...thrift industry seemed to meet the proposal with grudging acceptance but a fair amount of grumbling. Healthy S & Ls object philosophically to paying excessive cleanup costs for their fraudulent and incompetent brethren. Says Adam Jahns, chairman of Chicago's Craigin Federal Savings & Loan: "I don't think we should have to pay for serious crimes committed by others." Another complaint by S & Ls is that by combining thrift and banking supervision, the Bush plan may blur the distinction between the two and eventually remove any competitive advantage the thrifts still have, principally the ability to borrow long-term funds from...
Fortunately, most of them are just incredibly happy people. Why shouldn't they be? Unfortunately, a few aren't really so nice. So be a little cautious. You may meet a cab drive who becomes a lifelong friend or you may meet a thief who steals your money...
...Crimson will have some of its injured and ill who missed last week's meet back on the squad...