Word: reaganism
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Dates: during 1980-1989
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...cost is huge. A 1985 study estimates that corporations bought 12 percent of the alcohol sold at retail in that year. The cost to the government of deducting all those martinis was approximately $5 billion. Compare that to the $5.6 billion that former President Ronald W. Reagan proposed for child nutrition and food programs in 1986, and you get a sense of the magnitude of the waste and unfairness in the T and E deduction...
...most obvious problem with Social Security is that elderly Rockefellers are just as entitled to benefits as poor widows. Even Ronald W. Reagan, who made a career of blasting free loaders on the dole, recently applied to get his $800 per month...
Which brings us to our "epitaph." After reading an article that assumes that Romanticism died somewhere in between Woodstock and the Reagan years, and in which my generation is an MBA-armed phalanx of investment banker wanna-bees, and in which the analytical core consists of William Shakespeare, Dylan Thomas and W.B. Yeats, I hope the poet-legislators of the world remain unacknowledged; my epitaph is not their concern. J.D. Connor...
...1980s the minimum wage has really lived up to its name. Since it was last raised to $3.35 an hour in 1981, inflation has eroded its purchasing power by 27%. Meanwhile, the Reagan era became famous for skyrocketing maximum wages as greed became fashionable throughout the land. Frustrated by Congress's repeated failures to improve the national standard for the lowest- paid employees, eleven states set higher minimums of their own. Even fast- food chains often find themselves bidding $6 an hour and up for workers who scoff at the minimum wage as "chump change...
...details of the discussion, however, will prove to be far less significant than the long-anticipated encounter between the two leaders. The eleven months that George Bush has required before he would come face-to-face with Mikhail Gorbachev is more time than it took for Ronald Reagan and Gorbachev to meet and overcome their mutual suspicion. The 1985 Geneva summit between Gorbachev and Reagan proved that a get-together need not end with formal agreements to produce important results. In their staterooms off Malta, the U.S. and Soviet Presidents may finally launch a partnership to deal with the difficult...