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...Increase spending on housing, sewers, parks and airports by about $2.8 trillion over the next ten years. Better housing and public facilities should spur the Japanese to reduce savings and spend more. This should increase demand for American imports, including construction services...

Author: /time Magazine | Title: A Message for Tokyo | 7/9/1990 | See Source »

...report also carried a pledge by Japan to spend $2.77 trillion over the next 10 years on public works projects to stimulate demand for imports and help offset this nation's huge reservoir of savings. Japan has spent $1.7 trillion in the past 10 years...

Author: NO WRITER ATTRIBUTED | Title: U.S., Japan Reach Economic Agreement | 6/29/1990 | See Source »

...decision on public works represented a major compromise. U.S. officials had sought a 10-year, $3.22 trillion package, but Japanese officials resisted increasing their original offer of $2.68 trillion because of fears of inflation...

Author: NO WRITER ATTRIBUTED | Title: U.S., Japan Reach Economic Agreement | 6/29/1990 | See Source »

...numbers of American households resisted sending back their census forms, and this year's tax-evasion gap is expected to exceed $100 billion for the first time ever. Faced with the largest financial fiasco in U.S. history -- a savings and loan bailout that could cost up to half a trillion dollars -- American taxpayers have barely uttered a peep. "People don't feel any sense of ownership over the Federal Government," says Democratic pollster Geoffrey Garin. "It isn't them, and it isn't theirs...

Author: /time Magazine | Title: Books: Is A Populist Revolt at Hand? HE POLITICS OF RICH AND POOR | 6/25/1990 | See Source »

...after World War II. That's true. But interest on the debt is far larger. As late as the early 1960s, when the national debt was still more than half of GNP, though heading downward, interest payments were barely 1% of ! GNP. Today the publicly held debt of $2.3 trillion is "only" 43% of GNP (up from 27% in 1981), but interest...

Author: /time Magazine | Title: Essay: Welfare For Coupon Clippers | 5/7/1990 | See Source »

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