1.   Instead of funding the pensions of federal workers, he could issue Treasury IOUs until the debt crunch eases.

2.   Peru has already slipped into a recession, and should the troubles in Brazil drag out, it would exacerbate an already severe debt crunch.

3.   A debt crunch and inflation hit Latin America, and the pie-sharing was put on hold.

4.   It would be impossible for the government to try to keep all private businesses afloat while facing their debt service crunch.

5.   When a debt crunch and inflation squeezed Latin America a decade later, government money for low-income housing dried up.

6.   When a debt crunch and inflation squeezed Latin America a decade later, money for low-income housing dried up.