Word: shrink
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...reading says the economy is not picking up to anything like a normal recovery," says a Clinton economic adviser. At the same time, he adds, "the likelihood of a sharp downturn or a sharp upturn is small. We're not suddenly going to grow at 6% or shrink by 2%. I see absolutely no evidence for a return to a technical recession...
...could balance the budget within five years, and has gone further than anyone except Ross Perot in calling for reduction in such entitlements as Medicaid and Medicare. Unlike Kemp and other supply-siders, Gramm and his colleagues do not believe tax cuts alone will automatically expand the economy or shrink the deficit and public debt. Gramm is not well liked, but he is respected and has made no secret of his White House ambitions. Though he lacks a political base, Cheney is a more affable conservative who is increasingly mentioned as a compromise candidate by those who despair of uncharismatic...
University officials cite lower enrollment, high indirect research costs, and government funding cuts as the causes of the monetary gap. No current faculty members will lose their jobs, but those who leave will not be replaced, in the effort to shrink expenditures...
...came to Harvard because I was convinced that it was the best school in the country, and I now realize that I waste an opportunity every time I shrink from its challenges. It sounds so elementary and trite, but I often forget that I owe the world nothing more than my effort. If I expend myself and do not "measure up," then perhaps I am misdirecting my energy. Perhaps I need to look somewhere else...
...month why the deficit shouldn't be attacked with intensity until after recovery is fully under way (and why it isn't as bad as Ross Perot would have it anyway). But once unemployment and wages improve, the next president should work for spending cuts and tax hikes to shrink the deficit, if only because it makes Americans nervous about needed government spending and needed consumer spending...