Word: public
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Dates: during 1990-1999
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...consensus on these issues," he said. "Political division stopped at the water's edge. Sadly, that's no longer true. Now, foreign policy is formed by focus groups to score domestic points at home," a reference to charges that President Clinton and Vice-President based their foreign policy on public opinion...
...could see. So, can today's great expectations be trusted? Absolutely, said a majority of members at a special session of TIME's Board of Economists, which met recently in Washington to debate the budgetary outlook. For this occasion the board included some of the country's most important public officials as well as economists. They split along party lines on what to do with the money. But most had little doubt that the money would be there...
...from $5.6 trillion. Other board members conceded that Hollings' numbers were correct but strongly quarreled with his interpretations. Kasich, Munnell and Secretary of the Treasury Lawrence Summers all insisted that internal-transfer payments do not burden the government as a whole; it is the $3.5 trillion borrowed from the public that must be repaid or refinanced...
Which introduced one of the revolutionary implications of the surpluses that the board majority agreed really are in prospect. At TIME's meeting, Summers indicated that the $3.5 trillion public debt would be wiped out completely if all the Social Security surpluses and part of the non-Social Security surpluses projected to emerge over the next 15 years were used to pay it off. That would create a host of new challenges for economists and currency traders. What kind of security, for example, could replace the 30-year Treasury bond as the bellwether of bond trading and as a particular...
Remember when the U.S. attacked Kosovo, and everybody accused the President of "wagging the dog" - attacking a Central European country to divert public attention away from a sex scandal? Well, it turns out Bubba may have just been trying to get back in the good graces of his wife. At least that's the history of the Balkan conflict according to the First Lady's latest biographer, Gail Sheehy. In her forthcoming book "Hillary's Choice," Sheehy says that at the height of Monicagate, an enraged and humiliated Hillary went eight months without talking to her husband, before calling...