Word: undercutting
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...more taxes while receiving less in the way of public services. Faced with that painful -- albeit necessary -- proposition, the lawmakers simply cut and ran, ignoring Federal Reserve Chairman Alan Greenspan's admonition that "failure to enact the agreement would produce an adverse reaction in financial markets that could undercut our economy...
...subsequent debate on the House floor probably changed few minds. Michel, whose leadership of the G.O.P. has been cruelly undercut, admonished his followers to focus on the importance of the whole package rather than its objectionable provisions. "We can pick apart the agreement with 1,000 points of spite," he said. "If we do, we'll not only lose the agreement but our ability to govern." Departing from the tradition that the Speaker usually does not take part in floor debates, Foley went to the floor to deliver an impassioned appeal...
Saddam knows that any attack on Israel will bring a crushing response, whether by Israeli or U.S. forces. In fact, it can be argued that Saddam dare not attack Israel alone because a crippling counterstrike by the Israelis would completely undercut his pose in the Arab world as the one leader capable of smoting Israel, even if the attack did not literally kill...
...decision to set up the Shatalin commission undercut the wobbly Ryzhkov government's efforts to formulate a new economic-reform package to replace a program that the national parliament roundly rejected in June. During a meeting with the Gorbachev-Yeltsin team last month, Ryzhkov reportedly protested that the group's decentralization schemes would "ruin and bury the Soviet Union." Deputy Prime Minister Leonid Abalkin, the government's chief economic guru, has also charged that "everything is being done to malign and overrun this last stronghold" -- the central government. But the leaders of the Russian republic take a different view...
...positive aspects of Iraq's latest peace plans, however, were undercut by other bellicose actions. Saddam formally designated the oil-rich land of Kuwait the 19th province of Iraq. Although Baghdad promised that the estimated 11,000 women and children among its 21,000 Western hostages would be free to leave last Wednesday, most of those who chose to depart were delayed by red tape. On Friday 19 Italians managed to depart, and the next day several hundred other foreigners were flown...