Word: trillion
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...America, health care has become a crippling expense. General Motors laid out $3.2 billion last year, more than it spent on steel, to provide medical coverage for 1.9 million employees, dependents and retirees. Unchecked, the U.S. medical bill will more than double in the next 10 years, to $1.6 trillion, crowding out spending for other urgent needs. "Health-care costs have created an American state of siege," says Florida Governor Lawton Chiles. "It's going to break...
...five Presidents took the country through eight armed conflicts and four recessions, levied roughly $12 trillion in taxes, spent $15 trillion, saw the population grow by 45 million. Sounds like heavy lifting, but so far historians give none of these Presidents more than a rank of "average...
Nearly 4 billion barrels of oil and 22 trillion cubic feet of gas were produced in 1990, which represents more than 90 percent of Soviet fuels production and export. To date, 1715 oil and 670 gas fields have been discovered in the republic...
...through tax cuts, higher government spending and falling interest rates. But this time around, such techniques either haven't worked or are difficult to implement. Though interest rates have been falling since 1989, overextended banks won't ease up on new loans. Budget deficits exceeding a quarter of a trillion dollars discourage tax cuts or spending increases for fear of renewed inflation and higher interest rates...
...million nest egg but says her husband Darnell stays at his job at a Washington junior high school "because he wants to teach." Last week Don Wittman, 29, of Denver, amazed everybody twice: he won his second $2 million prize -- against odds figured at 17 trillion to 1 -- and decided to stay at his job as a carpenter. "Sure, I'm going to keep on working," he says. "Otherwise I'd just be bored...