Word: pay
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Dates: during 2000-2000
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...Universities are using more than conscience as their guide. When students show up for freshman year ill prepared, colleges pay the price. Today half of all college students must take at least one remedial course, at an annual cost of $1 billion to the nation's public universities. And with the recent ban on affirmative-action programs in Texas and California, outreach is no longer optional. Universities in those states now go door to door not only to recruit minorities but also to ensure that they complete all the necessary course work and paperwork to get admitted. And with many...
...Democrats are also planning to stick to the argument that a big tax cut means you can forget about using the burgeoning federal budget surplus to pay down the national debt. In an adroit bit of political gamesmanship, Bill Clinton played up the goal of debt elimination last week when he unveiled new White House budget calculations that show the total surplus over the next 10 years rising to nearly $5 trillion, an $800 billion increase over the last estimate issued just six months ago. ?We should be shooting for a debt-free America by the end of the decade...
...recession fighting would rest with Greenspan. All the same, Bush is hoping that he can get the Fed chairman to signal in some way that he too would agree to a big slice, perhaps during his upcoming testimony before Congress. Greenspan thinks the surplus should be used to pay down the national debt, but he would accept seeing some of it go back as a tax cut before he would allow Congress to use it for more spending programs...
Bush seems to be very serious about keeping his promises on the military. Thursday he promised a billion-dollar pay raise for service members, talked at length about remaking the military with modern technology, and promised Rumsfeld would "challenge the status quo at the Pentagon." And he's not interested in grandstanders or hot-button types, just old hands who can get the job done. Even if he risks looking like the only kid at the grown-up table...
...relief--and now may be a good time to think refinance. Although rates will probably continue to ease, some experts suggest refinancing now, while the saving is assured. This is not like the last refinancing boom, in 1992, when homeowners needed at least a 2% differential to make refinancing pay. Lower bank refinance charges have changed the equation...