Word: propped
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Dates: during 1980-1989
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M.I.T. Economist Lester Thurow argues that most of the industrial-policy schemes under discussion would amount to a prop-up-the-losers approach that he calls "lemon socialism." As an alternative, Thurow suggests that the U.S. emulate to some degree...
Dukakis's proposal is the latest in a series of developments that has left both the administration and the legislature sensitive about easing the effects of Prop 2 1/2. Dukakis emphasized that the loans would only be available after special request by the cities...
...part of his fiscal year 1984 local aid package, Dukakis had originally proposed a modification of Prop 2 1/2 that would have allowed the 11 large cities to delay one half of the required property tax cuts for one year with a city council vote. Currently, any postponement of Prop 2 1/2 requires a city-wide referendum...
...entire package won immediate approval in the State Senate. But in the House, a Republican attack on the Prop 2 1/2 override led to a successful vote to eliminate the provision...
Many State House observers have quietly said that the Dukakis administration badly miscalculated the intensity of public opposition to any change in Prop 2 1/2, which passed by a two-thirds margin the 1980 vote. As one explained last week, the package's planners failed to see the symbolic nature of the change, instead only considering it as a solution to a cash-flow problem...