Word: socialized
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Dates: during 1970-1979
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...from the State Department's outlays for American diplomats to the battalions of inspectors employed by regulatory agencies. Moreover, whatever inflationary impact the Pentagon might have, it is relatively minor compared with that of other Government programs. Today, defense outlays are only half as much as Washington spends on social welfare programs. Says Murray Weidenbaum, a member of TIME's Board of Economists...
...maintained, in fact, that a nation's most fundamental social-welfare obligation to its citizens is to defend them against attack. The responsibility for this is entrusted to the armed forces, but the U.S. military has been denied sufficient resources to fulfill the responsibility...
...Europe by the mid-1980s, and this prospect has already prompted denunciations from the Kremlin. Britain is expected to base some new Pershings on its territory, but West Germany last week indicated that it would do so only if joined by one other Continental NATO member. Bonn's ruling Social Democratic Party is worried about a potential uproar from its vocal left wing if West Germany becomes the only Continental NATO state to have nuclear missiles capable of reaching the U.S.S.R. Washington remains optimistic that...
...success of Nicaragua's revolution, both groups were convinced that the only way to prevent all-out "class warfare" was to end the corrupt military regime and, as an intellectual who helped plan Romero's ouster explained last week, overhaul the country's "antiquated economic, social and political structures...
...bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2 billion in mutual funds alone; armies of I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived a sybaritic life in a Geneva man sion built by Napoleon, where he was sur rounded by purring cheetahs, freeloading jet-setters and a harem of adolescent beauties...