Word: trillion
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...fuss about the budget farce [April 26]? Congress has no legal obligation to pay attention to the budget it adopts. This is why we have a $1 trillion national debt that will waste nearly $100 billion this year just to pay the interest...
...outcome of the Falklands war is almost sure to involve U.S. military strategy as well as diplomatic policy. The first full-scale naval battle in 40 years erupted just as Reagan's fiveyear, $1.6 trillion defense buildup was being debated by the Senate. The war provides ammunition to both sides of a dispute about the effectiveness of large surface ships for projecting power into areas of conflict...
...Pentagon budget. To drain that swamp. Stockman proposed to President Reagan significant cuts in the defense budget. Despite his arguments, and the prospect of an ever-growing federal budget deficit, Reagan sided with Defense Secretary Caspar Weinberger '38 and his grandiose plans for rearmament at a fantastic cost: $1.6 trillion over the next five years...
They expected that they would be able to finance the cost of new equipment, plant expansion or acquisitions, and pay off the loans later with cheaper dollars. From 1975 to 1981, the amount of corporate debt doubled, to $1.2 trillion. Now, however, companies are strapped for cash to finance slow-moving inventories, pay dividends and keep abreast of ever rising interest bills...
...they will be able to handle the problems of fewer petrodollars and new OPEC borrowing. They point out that the principal and interest due this year on all bonds issued in the European market will come to $24 billion, which dwarfs the amount of OPEC borrowing. Moreover, the $1.5 trillion Euromarket is no longer as dependent upon OPEC money as it once was. While most of its new funds were previously supplied by the oil producers, the market is now so large that it can satisfy most of its new capital needs. Finally, the deep worldwide recession has reduced...