Word: public
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Dates: during 1990-1999
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...like he didn't exist," said Sally A. Baker, assistant director of news and public affairs...
...America is still business. If you listened to all the political hoopla, you would think that legislators are doing their utmost to improve the general quality of life in our fair nation. Every Presidential hopeful has their own plan on how to reform health care, social security and/or public education. Political parties are falling over themselves to provide tax cuts. Politicians everywhere raise outcries over the massacre in Littleton and propose gun-control, tougher crime laws and/or censorship of the overly-violent media as solutions...
Sadly, all this talk is just that--talk. It is hype created by politicians for the benefit of next year's presidential election. While they may talk about increasing the funding for public education or devoting all of the budget surplus to social security, their actions, like the recent decision to revoke the Glass-Steagall Act, demonstrate that their biggest interest is increasing our country's wealth, or more specifically, the wealth of the nation's top 10 percent...
...those of you who haven't taken American History in a while, Glass-Steagall was a law made after the Depression that mandated the separation of commercial, investment and insurance banking. In short, it meant that Joe Public had to go to three separate places to get a loan, invest in the stock market and buy insurance, rather than do all of his banking under the same roof. Visiting three different financial institutions is not an inconvenience to your run-of-the-mill investor. The vast majority of people use banks for modest loans, mortgages and various kinds of insurance...
...country could seek to level the playing field without resorting to heavy-handed, interventionist behavior. Capitalism does not imply an unregulated economy. A simple raise of the federal income-tax on the highest tax bracket would take money from those who can spare it and funnel it into public programs that desperately need money. Instead, both Republicans and Democrats are advocating spending much of the budget surplus on tax cuts that largely benefit the country's wealthier half...