Word: spiralling
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Dates: during 1980-1989
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Taken together, the two statements were seen by some U.S. analysts as an attempt to forestall a costly upward spiral of the arms race. That is something that Moscow, which has to deal with an expensive war in Afghanistan and a sluggish economy at home, can ill afford. "Having listened to President Reagan's plans for the military budget," speculates U.S. Kremlinologist S. Frederick Starr, "Brezhnev knows that a similar [Soviet defense] effort would be painful and dangerous domestically...
...high as 98%. Reynolds argues that instead of being cut, as Reagan proposes, the G.S.L. program should be controlled by colleges rather than banks. This change would help guarantee that the loans would be applied toward real need and eventually repaid. Otherwise, says Reynolds, with costs continuing to spiral (next year's tuition and board are scheduled to jump to $9,000), Bates and other colleges may have to start basing admissions on ability to pay. Says he: "We can stand a lot of programs being cut if the Reagan Administration really tackled inflation. But if they only...
...sophisticated qualities necessary for the prudent exercise of power and intelligent management of international relations-notably moral authority, self-confidence, respect for the rule of law, and political finesse-are stunted in the Soviet system and psychology. The present downward spiral of mutual mistrust and recrimination will clearly not lead to an inevitable nuclear apocalypse, but it can do a lot of damage just the same. It increases the difficulties and dangers involved in virtually every other international problem the U.S. faces. It thus follows that after a suitable interval the U.S. should take the initiative in statesmanship with...
...legislators must realize that the economic policies of the last decade have not only failed to eradicate poverty, but also have boxed a majority of the poor into a no-win situation, while contributing to the current inflationary spiral...
Reagan's analysis "does not correspond to the facts," because he blames inflation overwhelmingly on the budget deficit, while the basic problems are rising oil prices, expanding consumer credit, and the continuing wage-price spiral, Richard A. Musgrave, Burbank Professor of Political Economy said...