Word: prospectively
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Dates: during 1980-1989
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...degree of accuracy." Reagan has discovered that it is much harder than he once claimed it would be to increase defense spending, cut taxes and balance the budget all at once. When faced with the conflict, he decided the first two goals took a higher priority. But the clear prospect of continued high deficits has helped keep interest rates high and soak up the money available for private business investment...
Indeed, far more important than Harvard's lapses against profoundly uninspiring competition was Fleming's recovery and the prospect of upcoming Ivy match-ups against Brown and Yale this weekend...
...protect their margin accounts in National City's stocks. Of the $50 billion in new stocks issued during the 1920s, another congressional committee said, "fully half have proved to be worthless . . . fraudulent." And when Utilities King Samuel Insull carried thousands of investors into bankruptcy, he protested at the prospect of indictment: "What have I done that every banker and business magnate has not done in the course of business...
Reagan's argument suffers, however, from one considerable flaw: it implies that Roosevelt, the great innovator and experimenter, would still recommend the remedies of 1932 for the problems of 1982. That is an implausible prospect. Though Roosevelt might not have favored the swollen growth of Government intervention, regulation and spending, it seems likely that if he could return to survey the results of the Fair Deal, the New Frontier, and the Great Society, he would bestow on them that famous smile of satisfaction...
When a majority of the Supreme Court failed to accept that argument last week, the action ended the likelihood of leashing independent political activities any time soon. There is no immediate prospect of any other challenge reaching the Supreme Court or of any action by Congress. The seeming beneficiaries are the Republicans. The richest political action committees, which have become a major force under the new rules, tend to be made up of such pro-G.O.P. elements as conservative businessmen and members of the Moral Majority and the New Right. But pro-Democratic groups are assembling to join...