Word: trillion
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...ignored his campaign promises to balance the budget and slash government spending. The recent period of economic growth has been tempered by the deepest recession since the Great Depression, the panic on Wall Street, the rise of the "twin towers" (the budget and trade deficits) and a trillion dollar jump in the national debt...
...million of Labor and Education Department funds. There is no evidence of fraud, just poor record keeping and documentation. Since running Operation PUSH is Jackson's only administrative experience, this lax record of fiscal accountability remains a disturbing credential for a man who wants to preside over a $1 trillion federal budget...
Gore, up close, can strike an idealistic note, talking about starvation in the sub-Sahara and the $1 trillion spent a year "on new ways to kill people." In his stump speeches, he sounds off about engineering fundamental change rather than "tinkering around the edges." Gore does have a feeling for how such forces could affect America's future. Yet at the moment, just as the campaign spotlight hits him, he is latching on to various populist code phrases that hardly do justice to the message he could convey...
...unprecedented prosperity with peace. "It is not apocalypse now," he insists. If the deficits shrink more and there is no recession ("I see nothing out there to indicate that the economy is not going to keep growing"), then expansion could diminish that specter of a $2.4 trillion debt making hostages of young Americans. Banishing fear is the heart of politics...
...target in the latest version of the Gramm-Rudman law. The case for balancing the budget sooner rather than later is simple: the longer it takes, the more difficult it becomes, and the more costly the delay. During his terms, Reagan has amassed a higher deficit total ($1.25 trillion) than all previous Presidents combined. In the process, he and Congress have more than doubled the national debt, to $2.36 trillion. Meanwhile, interest on the debt has snowballed, threatening to bury the financial fortunes of generations to come. If the trend is not slowed, the annual net interest tab will surpass...