Word: threatenings
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Eventually, the entire system could collapse of its own weight as beneficiaries threaten to outnumber workers paying into it. The President observed that the ratio of workers to beneficiaries has dropped from 16 to 1 to less than 4 to 1 in 30 years...
...crisis deepens, the Soviets threaten to play the economic card...
...President's problem is painfully real: how to convince a sudden rash of skeptics that he can balance the budget by fiscal 1984 as he has promised, thus avoiding both ruinous inflationary deficits and a continuation of the towering interest rates that threaten a new recession (see ECONOMY AND BUSINESS). Moreover, the now apparent inadequacy of the first series of budget cuts addressed to that goal has forced the Administration into an agonizing internal debate: how to reconcile the budget-balancing pledge with Reagan's equally heartfelt promise to launch a gargantuan military buildup...
...deficit, at least in the short run. But the Federal Reserve, which controls the growth of money, has not let credit grow faster to pay for those deficits, so the Government's borrowing demands are pushing up interest rates. The result is the current staggering levels, which threaten to choke off the private investment boom that the tax cut is supposed to bring about. Says Oklahoma Democrat Jim Jones, chairman of the House Budget Committee: "My fear is that the program now put in place by the Administration is the equivalent of stepping hard...
...incoming freshmen, Yale University President A. Bartlett Giamatti, 43, denounced a "self-proclaimed Moral Majority" and the New Right generally as "peddlers of coercion" and enemies of the spirit of free inquiry. Wrote Giamatti: "Angry at change, rigid in the application of chauvinistic slogans, absolutistic in morality, they threaten through political pressure or public denunciation whoever dares to disagree." Something of a conservative himself - he favors rigorous, traditional instruction and has often decried government interference in higher education - Giamatti at tacked partisans of the New Right as "those who presume to know which books are fit to read, which television...