Word: ax
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...developing coronary disease. But many doctors consider such efforts premature since the efficacy of preventive measures has not been absolutely proved in adults. There is another concern as well. Says Pediatrician Neil Holtzman of Johns Hopkins Hospital: "By labeling children or young adults and letting them live under the ax of coronary heart disease for the rest of their lives, the anxiety that is generated may be worse than the possible benefits of the treatment itself...
...spark for the late-week recovery came from Washington as the White House, increasingly alarmed about the disarray in financial markets, tried to restore confidence among moneymen. President Reagan abruptly abandoned his pledge to spare Social Security retirement payments from the budget ax; he proposed reductions in old-age and other benefits that will trim Social Security payouts by 10% and shave $46 billion in the next five years. Lawrence Kudlow, chief economist at the Office of Management and Budget, promised that more spending cuts and deferrals were on the way and hinted that the Administration might scale back slightly...
...declaring: "Let history show that we provided the margin of difference that changed the course of American government." O'Neill roused himself to deliver a stirring, if melancholy, defense of the social action programs he had helped shape during 28 years in Congress. "Do you want to meat-ax the programs that have made America great?" he asked. "You close the door on America in the Latta bill." Referring to Reagan's claim that his budget provided a "safety net" for the needy, O'Neill scoffed: "A safety net? It is a trap, not a safety...
...university's "immoral investments." (MSU divested of its holdings in companies involved with South Africa several years ago, one of a handful of educational institutions to do so.) The driving force behind student militancy this year was self-preservation. Students sought to shield their academic interests from the budget ax, as the MSU administration struggled to cope with a budget deficit that was out of control...
...however, that expenditures would actually total $717.8 billion and the deficit $50.4 billion. Along with many non-Government forecasters, the committee staff does not expect inflation, interest and unemployment rates to come down quite as rapidly as the President predicts. Jones recommends holding expenditures to $714.6 billion. That would ax spending by $3.2 billion more than Reagan would, at least by Jones' arithmetic. Even allowing for a $40 billion tax reduction, the Democrats' plan, claims Jones, would almost halve Reagan's proposed deficit, to $25.6 billion...