Word: stopgap
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Dates: during 1980-1989
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...Indian newspaper, is understandably ambivalent about the cinder-block-and-tin palaces springing up on reservations. "We've got to find a means to survive," he says, "but I don't see our young people making any great strides working in casinos. This is O.K. as a stopgap, but why should we have to resort to this...
...until Saturday did Congress finally pass a stopgap spending bill, known as a continuing resolution, to keep the Government functioning. Although the 1984 fiscal year began Oct. 1, five of the 13 annual appropriations bills have been stalemated on Capitol Hill. Another important measure, which would raise the legal debt ceiling and allow the Treasury to borrow the money it needs, was still stalled in the Senate. And Congress, it seems, will not be able to whittle a thin dune from the 1983 deficit of $195 billion by the time it adjourns this weekend...
Once again, Congress has lagged so badly on passing actual appropriations bills, even for defense, that it will have to pass a "continuing resolution" to fund major portions of the Government in the new fiscal year. Almost certainly, such a stopgap measure would provide for spending higher than Reagan wants. That, in turn, would set the stage for a dismal charade: first a presidential veto, threatening theoretically to put the Government out of business, then anguished negotiations, and finally a compromise maintaining spending at levels a bit higher than currently scheduled. What makes these prospects especially depressing is that there...
Fully developing Brazil's natural resources will take more time and money, two things in short supply as long as international creditors are besieging the country. Even if the IMF comes through with more loans, they will be only a stopgap. Brazilian officials are convinced that the only salvation is a fundamental restructuring of their debt. The average maturity of most loans was eight years, and 22% of the debt was due this year. The bulk of this load must be replaced, the experts argue, with long-term credit stretching over 15 to 20 years at reduced interest rates...
...Reich says this will never happen. A depressed economy, he predicts, will force politicians to take stopgap measures to halt the erosion. In fact, politicians have already started on this road, instituting barriers to trade such as higher tariffs and measures like the domestic content bill. If the U.S. does not begin to work out a coherent industrial and trade policy, Reich envisions, the country will head down the projectionist path to world economic ruin...