Word: neither
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Dates: during 1990-1999
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...budget, but good. If, in the next decade, the economy hiccups, or so-called "emergency" spending increases, or something unexpected simply comes up, that $3 trillion evaporates pretty fast. So why can?t I say no to both? That?s what Alan Greenspan said to Congress last week, although neither side seemed to want to hear it that way. Set the surplus aside, said Sir Alan, because it?s not even paper money yet, and because Americans might really need a tax cut someday. (Oh ?- and he really hates inflation...
...Republicans insist it can; the Democrats doubt it. Who?s right depends on continued economic good times and the fiscal discipline of future governments -? neither one of which you ought to be betting the farm on -? and now both sides are headed home for a one-month recess to make their case. TIME White House correspondent Jay Branegan says each side will be preaching to the choir. "Democrats will make the argument that?s been successful with their base thus far -- Clinton is saving Medicare and paying down the debt, and Republicans are merely helping the rich." They...
Just as a lot of actors think they can direct, a lot of parents think their two-year-olds can splatter paint as well as Jackson Pollock. But ED HARRIS can attest that neither task is as simple as it seems. The actor is making his directorial debut--and playing the lead role--in a film based on the abstract expressionist, a project that has consumed Harris for six years. "It became a personal project," says Harris, "and I didn't want to hand it over to anyone else to direct...
...indicated earlier, Kennedy does not see factories as blights on Eden but as signs of a rich and useful economy. Neither he nor Cronin is opposed to industry, condominium construction, powerboat use or anything that might bring the fullness of communal American life into contact with the river. They simply oppose anyone destroying the river. "This is a fight to save a resource for as many constituencies as possible," says Kennedy. "Here there is room for everyone." As he speaks, a trio of ducks puts on a brief air show high above the electrical wires that cross the river...
...Greenspan left the question open, like a warning, and laid down his picks and pans: Debt reduction, which would lower interest rates and free up investment capital -- good. New spending, which neither party trusts the other to lay off of -- bad. Saving for the future ?- good. Putting all your eggs in one tax-cut basket and hoping for the best -? bad. All in all, Greenspan signed off on a rather conservative, rather Republican philosophy. It?s just that the Republican who?s getting all the credit for it is Bill Clinton...