Word: trillion
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...three years. Many households have spent all their income, and then some. Americans have confidently, even feverishly, borrowed money in record amounts to buy everything from compact disk players to country houses. The level of home mortgage debt has increased by 37% since December 1982, to $1.5 trillion. At the same time, the total of installment debt, which includes credit-card purchases, department-store credit and the like, has surged by 67%, to $548.7 billion...
...Pentagon and fraud by defense contractors--the $400 hammers, the $600 toilet covers--have taken a toll on the national consensus for reversing what Reagan has called the "decade of neglect" that sapped U.S. military strength in the 1970s. For the first time since Reagan launched his $1.5 trillion defense buildup five years ago, polls show sharply declining support for increased military spending. In Congress, deficit cutters in both parties are arguing that the Pentagon cannot be exempted from the budget ax. And two days after the President spoke last week, a commission appointed by Reagan himself issued a report...
...tickets. And, wonder of numbers, she hit again last week, this time for nearly $1.5 million, becoming the first two-time winner of a million-dollar-plus state lottery. Stunned officials had to consult a statistics professor before determining that Adams had just beaten odds of 17.3 trillion to 1. Both of her winning tickets were purchased at the 7-Eleven store in Point Pleasant that her fiance owns and she has managed for the past decade. Adams was back at work the day after her win was announced, but the couple are planning to sell the store before they...
Fifteen years. Please join me in a polite cough. For a mere trillion-dollar investment our nation can attempt to produce a space-based military technology that, by its own estimates, should attain obsolesence within a decade of its conception...
When Reagan first came to the White House in 1981, he found that Jimmy Carter had left the cupboard quite bare, and that one of his first acts would have to be to increase the national debt past $1 trillion. What an outrage, especially to a cost-conscious conservative! A trillion dollars--why, if you piled up that many $1,000 bills, Reagan told Congress, you would have a pile 67 miles high! "A monument to the policies of the past," said the new President, "which as of today are reversed." But since Reagan was also determined to increase military...