Word: redeeming
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...squad, it was a chance to redeem itself for a poor performance in horrible weather two weeks ago at Brown. There, the thinclads--suffering through snow and frigid temperatures--were outrun by Dartmouth and the host Bears. Yale 70 Harvard 93 Yale 45 Harvard...
Sometimes, talented actors can redeem a poorly conceived movie from complete failure--no such luck this time. The characters prove so stereotypical and shallow that even earnest attempts from usually likable actors like Bullock and Pullman fall flat...
After having its psyche somewhat bruised on a recent 1-4 California road trip, the Harvard women's tennis team looked to redeem itself last weekend with an impressive opening to its Ivy League schedule...
Good luck, guys. The Federal Government will have long since spent the proceeds. To redeem the bonds, it will have to raise income taxes sharply or slash spending on things other than pensions severely, or borrow the money from the general public and drive up interest rates, or print money and give a big boost to inflation. Or Social Security taxes will have to be raised heavily yet again. (They have already multiplied 10 times since 1950, from 3% on the first $3,000 of a worker's earnings to 12.4% on the first $61,200 of earnings, with employer...
...will that be the end. Assume, for the moment, that the Treasury does somehow come up with the cash to redeem the bonds in the trust fund. Some time around the year 2029, when Generation X starts to retire, the trust fund--even if it existed at all--would be empty. At that point, to maintain pension payments, even at a reduced level, the Social Security tax by some calculations will have to be raised to 17% of wages--a level that would devastate the economy...