Word: scheme
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Dates: during 1990-1999
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...Clinton Administration is about to"reinvent" Social Security-- make that tweak -- with a new scheme to stagger millions of retirement and disability checks now sent out at the beginning of each month. The plan doesn't do much for the system's bankrupt future, but officials of Vice President Gore's National Performance Review say it ease the monthly burden on the U.S. Postal Service by spreading it out, and will save the government up to $1 billion over five years. Recipients will also be required to receive their checks electronically by direct deposit.TIME Washington correspondent Suneel Ratansays the worst...
Opponents argue that the scheme would introduce bad incentives into the system by tempting high earners to conceal income. What some of them would prefer to see is a gradual, across-the-board reduction of benefits. One way that could be accomplished is by ending the special protection against inflation granted to Social Security pensions, which are increased every year to offset the full amount of inflation. Cost of living adjustments in most private pensions and in workers' wages are limited to part, if any, of the annual increase in prices. Why should Social Security pensioners alone be fully protected...
This plan differs from the Heritage scheme, however, in that it would still require some mandatory payment into government coffers as well, which would be used to provide a safety net for indigent retirees and to guarantee benefits to current retirees and those soon to come who have not spent a lifetime accumulating a private account. But younger workers would be on notice that when they reach retirement, they will have to depend largely on what they have built up in their IRAs...
...Hampshire, seeks to force $475 billion in cuts from massive entitlement programs: $89 billion from projected welfare costs of $600 billion, and as much as $275 billion from Medicare and Medicaid, which are now projected to cost $1.82 trillion by the decade's end. Also included: a scheme to shrink cost-of-living increases to Social Security recipients. The report, in a barb at opponents who demanded to know where the GOP cuts would fall, challenged Democrats "to detail their alternatives, or to explain what taxes they would raise, where they would cut Social Security or why their believe...
...musical, based on Voltaire's novel, retains the other-worldly quality of the original, though in this musical adaptation its exoticism becomes laughable. The Spanish (or any of their colonies) seem to live, love, and scheme to the strains of a tango; all of Paris, even in the 18th century, spontaneously erupts into waltzing...