Word: spendthrift
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Dates: during 1970-1979
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...been in national discussions on issues ranging from tax reform to health insurance to nuclear power plants to school desegregation. Beer, true to his reputation as The Great Federalist, said the answer to solving the country's spending problems rested not with the prevalence of stingy conservatism or spendthrift liberalism--but in "better bureaucratic machinery to control the spending--more selective spending...
...frightening to see that the "New Elite" [Aug. 21] have developed such a callous attitude toward savings and planning for the future. These individuals seem to think that they are something new and unique to this country. Unfortunately they are merely a repeat performance of an overextended, spendthrift, pre-Depression America. They are naive to think that the rug can't be pulled from under their Utopia via a recession, job layoffs or a death in the family. What these "college graduates" need is to recognize that today's new elite can also become tomorrow's newly...
...passage of Proposition 13 in California is beyond any doubt the political event of the century, and Howard Jarvis [June 19] has proved himself a leader to be reckoned with. I nominate him to lead a crusade for constitutional fiscal restraints on our spendthrift, irresponsible, inept Congress...
Fischer, no spendthrift, sued the magazine over the article. He is known to have contributed at least $94,000 to the Worldwide Church. A trifling sum, when compared with the generosity of a reported 75,000 church members, many of meager means, who each year give more than a tenth of their gross income to the cause. The fabulous take: $75 million a year, including large donations from Garner Ted's radio-TV fans...
...break a breeder's heart. Almost 30,000 Thoroughbreds are foaled annually on North American farms, but only about 3% ever win a stakes race, much less one of the Triple Crown races. Breeding Thoroughbreds is far from an exact science. Says Brownell Combs II, the manager of Spendthrift Farms, regularly one of the tops in the sport: "You breed the best mare you can possibly get to the best stallion you can possibly get and then you hope for the best." And Combs adds: "Breeding Thoroughbreds is like rolling dice...