Word: needing
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Dates: during 1980-1989
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...step out of the nuclear closet and seek vast sums to clean up the mess they have created, repair aging facilities or build new ones, they face an unfamiliar challenge. Only candor and a new determination to give public safety priority over arms production can win the support they need...
...They need not have worried: the deals are back -- and bigger and bolder than ever. Last week top executives at RJR Nabisco stunned Wall Street by proposing what would be the biggest takeover in U.S. history: a $17.6 billion leveraged buyout by management of the tobacco and food conglomerate. (Among its top brands: Winston cigarettes, Oreo cookies, Ritz crackers and Life Savers candy.) The RJR executives, with the help of the Shearson Lehman Hutton investment firm, hope to borrow close to $16 billion to finance the deal. If the transaction is completed, it would eclipse Chevron's $13.3 billion acquisition...
...argument that is used to support this system is that you need to bribe the well-off so that they will support the poor. Translated, what that's saying is everybody better get on the wagon getting subsidies from the Federal Government. But the awkward question that leaves is if everybody is on the wagon, then who pulls it? So I think the single most egregious thing is the idea that in a time of profound fiscal stress in this country, we've got billions and billions of dollars going to well-off people under the guise of universal entitlements...
...better be very careful about differentiating between what we spend and what people get. Now one of the reasons these countries may need less of a public safety net -- and why we need more of a private safety net -- is that we need the savings for our economy. And the reason I'm an admirer of Japan and West Germany is that those two countries have a very deep, real, long-term economic consensus on capital formation that isn't just rhetoric...
...Well, what I said is that let's go from age-based entitlements to need- based entitlements. We have some urgent priorities in this country. We know we have an uncompetitive educational system, and we need to invest more in education. We know we have an uncompetitive work force, with a third functionally illiterate and unable to work in the society...