Word: bankrupts
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Dates: during 2000-2000
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...exploit Hindu nationalist sentiments around the Ayodhya issue. Some observers believe that he may be doing this as something of a distraction for his supporters, trying to create political space for himself to push through tough economic measures, which he desperately needs to do. The government is basically bankrupt, and India is facing an economic slowdown. We're heading back into a terrible mess, but in a democracy as politically fractured as India's, it's hard to cut government spending. The alternative is privatization - the government owns everything from hotels to car factories, and all they've managed...
...place during radioactive disputes like the recount. But in reality, says University of Florida political analyst Richard Scher, it has made the state a dysfunctional place in crises--a warning to the rest of the nation, he adds, about the pitfalls of centrism. "When the parties are as intellectually bankrupt as they are in this state today," says Scher, "it leaves the politicians with little to do but mud wrestle at times like this, not for the sake of their party causes but for the sake of blind, individual ambition." America, you've tuned in to Tallahassee!, a TV soap...
Opponents argued the proposal was poorly worded, would bankrupt insurers and hospitals and drive up Massachusetts' already high medical costs. Doctors or other professional came out on both sides of the question...
IMPACT: Depends on the stock market. The $1 trillion price tag means the program may go bankrupt 10 years earlier; to cover the cost, Bush will have to cut benefits. If the market continues its historical rate of return of 7% a year (or even if it gains a more modest 5% a year), such cuts would be painless because the private-account nest egg for most future beneficiaries would more than equal the benefits they would receive under the current system. But there's no benefit floor to protect losers...
IMPACT: More children would be insured through the CHIP program, but only if states improve their record of implementing the plan. The prescription benefit would reach all seniors, but nothing is done to reform Medicare and trim its long-term costs, which could eventually bankrupt the program...