Word: whack
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...district. Said Tim Penny of Minnesota: "It appears to have survived the coffee-shop test." Several legislators said a start on reining in Social Security, the biggest of all entitlements, would make it possible later to examine others: veterans' benefits, for example. Clinton has been talking about taking a whack out of some other entitlement programs even this year, but so far not in very specific terms...
...president's plan will then be run through the Cuisinart that is Congress. Each member will whack away at specific cuts that will anger his or her constituents. Lobbyists will be wearing holes in the carpets of Congressional hallways fighting to protect the interests of their memberships. And not all of these lobbyists will be the hideous creatures that they are made out to be, many will be representing real Americans with real concerns. This will only make the necessity of denying them money more difficult...
...Even more striking, bond prices rose enough to send the interest rate on long-term Treasury bonds down to 7.17%, the lowest since 1986 (the higher a bond's price, the lower its interest yield). Apparently bond traders, who usually do not trust Democrats, think that Clinton really will whack down the federal deficit while stimulating the economy. If they expected the deficit to rise, they would bid up interest rates, crippling the ability of consumers and businessmen to borrow...
...depends more heavily on imported oil for electricity and home heating than any other region, last week sent Bentsen a letter opposing an import fee. Complains William Whall, a blind Korean War veteran who lives in New Hampshire: "I just converted to oil heat, and now Clinton wants to whack me with an oil-import fee. I can't stand it. It seems like you get taxed if you do and taxed...
...prices are also totally out of whack. Two dollars for a slice. Five dollars for a sandwich. Tommy would have gone on an oat bran diet before he charged $6 for a hamburger...