Word: spendthrift
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TEXAS. In 1978 he became Texas' first Republican Governor in more than 100 years, after spending $7.2 million. So Bill Clements, 65, an oil-rich spendthrift, dropped $12.5 million this time, and expected a no-sweat reelection. Then, as his election-night party started, ABC News began predicting that Democrat Mark White would be the winner. Gasped one partygoer: "You're kidding...
Republican Sears may be a less than formidable opponent. Much as King's salt-of-the-earth supporters dislike Dukakis, they are likely to find the aristocratic Sears an unpalatable alternative. Nor can the Republican easily portray his opponent as a liberal spendthrift, since Dukakis was a budget-cutting Governor. Above all, there are three Democrats for every Republican in the state. "The Democratic primary," says a Boston political consultant, "was the general election...
...Reagan had only lost in the Democratic-controlled House, these aides argued, the vote could easily have been turned to the advantage of the President, and his party, in this fall's campaign. Reagan could have been portrayed as the tightfisted Chief Executive doing battle with a spendthrift Congress. Even though the action in the Republican Senate seems to undermine that strategy, Reagan's advisers insist that their boss intends to stick with that theme on the campaign trail. "Instead of the President vs. the Democrats in Congress, it is now the President vs. those in Congress...
...Coop's early success--and to today's success as well, say current members of the Board of Directors--is simply good business management. To curb a spendthrift Harvard community, the original student founders mandated in the constitution that payment for goods be in cash only. The cash-only requirement has since changed--as any undergraduate carrying that all-important red plastic well knows--but the same keen business sense still permeates the operation...
Economic policy has also had much to do with the decline of thrift. During more than a decade of high inflation, it was sensible to be a spendthrift because products would almost always be much more expensive later, and money saved lost buying power quickly...