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During early planning meetings, Administration officials had held out the thin hope of achieving Carter's 1976 campaign promise of a balanced budget for 1981. That goal soon ran into this year's election politics. One of the prime candidates for the ax, for example, was the revenue-sharing program under which Washington doles out $6.9 billion annually to state and municipal governments. The program has been severely criticized as an unnecessary subsidy to local and state authorities, who often have more spare cash and enjoy sounder fiscal conditions than the Federal Government. But Governors and mayors launched...

Author: /time Magazine | Title: Business: A Budget of Two Big Rises | 2/4/1980 | See Source »

...snow. Bootprints squished into the sideyard mud on a warm day two weeks ago are still there, fossilized, sandy brown, ugly to look at and awkward to walk across. The detritus of the fall season -a ruptured garden hose, a squashed tennis-ball can, a broken-off ax handle thrown away in a fury-surrounds the house as such junk always does in New England at this time of year. But the lovely, deceitful covering of snow that should hide it all until April, that should lead the eye across the sloping ground of the pasture, then into the woods...

Author: /time Magazine | Title: Environment: Waiting for the Big One | 1/14/1980 | See Source »

...under indictment for tax evasion, and Schrager has also been charged with possession of cocaine. The White House has accused them of concocting false charges against Jordan in order to bargain for leniency. Landau, who said he had met Jordan at various receptions and dinners, has no such obvious ax to grind, though he is a crony of Rubell's. Said he, in a sworn statement given...

Author: /time Magazine | Title: Nation: Heritage of Watergate | 9/10/1979 | See Source »

...temporal O board games! Out of the Great Depression came the great Monopoly. From the Great American Tax Revolt generated by California's Howard Jarvis, 76, and Proposition 13 has come Ax Your Tax. Players try to solve complicated tax problems like how to launder the interest paid on fictitious-name bank accounts. Jarvis, who dutifully posed with an ax and some funny money to promote the game, announced that the endorsement fee had gone to his American Tax Reduction Movement...

Author: /time Magazine | Title: People, Jul. 23, 1979 | 7/23/1979 | See Source »

...Willard's place the board decided to ax the Kingsley School. The reason was that Kingsley, one of the newest and finest buildings in the system, seemed ideal for profitable leasing to the city as a gym and auditorium. But parents of two handicapped children filed suit to prevent removal of special orthopedic facilities established at Kingsley. The cost to refit another school with such facilities may be as much as $200,000. By a 4-to-3 vote, the board persevered in closing Kingsley, a north Evanston school, and then found itself compelled by a sense of equity...

Author: /time Magazine | Title: Education: More Losers Than Winners | 5/21/1979 | See Source »

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