Word: self
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Dates: during 1980-1989
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...party's over! Time to tighten our belts, America. With a little bipartisan compromise and self-sacrifice, we can bring down the deficits," say Wall Street's investment bankers and stock brokers...
...featured in The Atlantic and publicized in two-page advertisements in several major newspapers. The ads stated: "We have joined together to urge our fellow Americans and this nation's leaders to rise above politics as usual to set aside differences--of party, region, ideology, and even immediate self-interest--in order to resolve our worsening economic problems before its too late." Peterson asserts, quite correctly, that the nation has been living beyond its means: spending and consuming too much, collecting and producing too little, and borrowing the difference...
...what's wrong with Peterson's plan for recovery-through-self-sacrifice? Because of the simple fact that he and his supporters will not have to make the sacrifices. His hypocritical plan is motivated by the selfish interests of Wall Street and is nothing more than another round of Reaganomics in disguise...
...intolerable that the working class should have to pay such an inordinate amount of the cost of Reagan's extravagance. While multi-millioniares like Pete Peterson may righteously demand self-sacrifice, they have no concept of what such policy means to the tens of millions of Americans who have already suffered economically under Reagan...
...Reporter Alex S. Jones and TIME Associate Editor Susan Tifft, is due next year.) House of Dreams can be read in several ways: as a love story between Barry Bingham Sr. and his wife Mary, as a guide to how not to rear children, as a cautionary tale about self-deception. But most of all, House of Dreams is an appalling chronicle of how cruelly relatives can treat one another...