Word: modestic
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...stock market. The $1 trillion price tag means the program may go bankrupt 10 years earlier; to cover the cost, Bush will have to cut benefits. If the market continues its historical rate of return of 7 percent a year (or even if it gains a more modest 5 percent a year), such cuts would be painless because the private-account nest egg for most future beneficiaries would more than equal the benefits they would receive under the current system. But there's no benefit floor to protect losers...
...happens to all of us, even the economics concentrators. Who knows how that not-so-modest fee for tuition, room and board suddenly ballooned by several thousand? Sourcebook costs, overdue library books, lost ID cards and extracurricular courses somehow always conspire against us. These miscellaneous expenses are easily written off to our termbills and even more easily forgotten. Unfortunately, this usually means that come vacation time, the surprise that awaits us at home is not freshly baked cookies but stern lectures...
Regarding the fee Napster decides to charge, Rudenstine said, "I would hope it would be modest...
...friends' expectations are far less modest...
Gore's plan, by contrast, is more modest, and would prolong the program through 2050 with general revenues. As a promising alternative to privatizing social security, Gore has argued in favor of a separate program that would match savings of lower- and middle-income Americans with tax credits...