Word: washingtonization
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Dates: during 1990-1999
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Wait, though. That's only the beginning. Estimates are that with no change in current policy Washington over the next 10 years will collect a mind-boggling $2.9 trillion more than it spends--$1.9 trillion in the Social Security trust fund, and $1 trillion as an excess of tax collections over spending for everything else the Feds do. The $1 trillion overage is the size of the entire federal budget in 1987 and, paradoxically, creates a problem for politicians that they have never faced before: How best to channel that torrent of cash...
...Clinton Administration predicted deficits of $200 billion or more each year as far as the eye could see. So, can today's great expectations be trusted? Absolutely, said a majority of members at a special session of TIME's Board of Economists, which met recently in Washington to debate the budgetary outlook. For this occasion the board included some of the country's most important public officials as well as economists. They split along party lines on what to do with the money. But most had little doubt that the money would be there...
Viators can be victims too. There are brokers who reap hefty, 18% commissions without getting the sellers--often ill, vulnerable people--the best deal available. One viator who went through Alpha Capital Group, a viatical provider that is fighting a cease-and-desist order from Washington State, ultimately received $5,400, or 6% of the policy's $90,000 face value...
...next stop was a big supermarket in Maryland, just outside Washington. Giant Food is a chain here, kind of like PathMark in the Northeast or Winn-Dixie in the South. It had organic carrots for my gravy and organic half-and-half for my red smashed potatoes. But I couldn't find many of the other organic products I needed to be genetically pure...
...Washington, however, is erring a little more on the side of caution. The government has built and unveiled last week a $50 million command center to monitor potential Y2K problems. The State Department has offered its diplomats in former Russian republics a ticket home for the duration. The Federal Reserve is printing up an extra $50 billion in currency. This, you might conclude, is going to be one heck of a blizzard...