Word: bankrupted
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Dates: during 1990-1999
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...word of a deal spread, Republicans started balking. Did you agree to a bill that would bankrupt the tobacco industry? House Speaker Newt Gingrich wanted to know. "Newt, I know you're hearing that we've gone crazy over here on tobacco legislation, but I want to assure you it's O.K.," McCain told him. And when White House chief of staff Erskine Bowles called to fret that McCain was losing the public health community, McCain said, "Erskine, we are working on that as we speak...
...Senator Roth maintains it'll never happen because of the "political hailstorm" that would ensue. But Social Security benefits weren't taxed before the 1980s. Real estate deductions were greatly curbed in 1986. In 20 years, predicts Robert Walsh, a tax professor at Marist College, if Social Security is bankrupt, "the politicians will see this huge pot of money called the Roth, and they won't be able to leave it alone." The Roth is a good idea for many people--and it sure has worked out well for the Senator. But if the taxman comes calling two decades hence...
Paul K. Nitze '00, a Crimson editor, questioned Reich's contention that the social security crisis was "mythological" and warned the current pay-as-you go system was bound to bankrupt itself...
...current Premier, Li, the challenges before him are more complicated than rescuing an auto factory. With half a dozen of China's neighbors financially shipwrecked, Zhu must steer China's 1.2 billion people through some dangerous political and economic shoals. Among his most immediate problems: repairing a chaotic and bankrupt financial system, closing thousands of rust-bucket factories useful only for soaking up excess labor, and stemming rising unemployment and social unrest, which recently exploded in a fatal bomb blast in the industrial city of Wuhan...
...Skeptics say] it's studying yourself, andtherefore intellectually bankrupt. Studyingyourself is too easy," Vaux says...