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...billion, the plan's five-year price tag is $3 billion less than that of the Administration's dense pack proposal, defeated last December. And, like the recently enacted Social Security-reform package, the recommendations represent a bipartisan political compromise. But the proposed solution still faces problems on Capitol Hill. The commission has argued that the combination of recommendations is a seamless package, but an effort in Congress to jettison the MX and vote only on the Midgetman seems likely. "Few, if any, will consider our recommendations an optimal solution," summed up retired Air Force Lieut. General Brent...

Author: /time Magazine | Title: MX: A New Look and a New Math | 4/25/1983 | See Source »

...Otherwise, Social Security's main retirement fund would have slid into the red by July. But there are few more politically volatile issues than whether to restore the system to solvency by raising more revenues or by reducing benefits. After wrestling with the problem for a year, a bipartisan commission headed by Economist Alan Greenspan recommended a mixture that leans more heavily on new revenues than on benefit cuts. Passed overwhelmingly by Congress, the plan represents a victory for Claude Pepper and others who opposed shrinking the system. Its major provisions...

Author: /time Magazine | Title: Balancing Act | 4/25/1983 | See Source »

...rescue seem any closer for the beleaguered MX missile, a prime object of congressional skepticism and budget cutting. A blue-ribbon bipartisan presidential commission headed by Brent Scowcroft, who was National Security Adviser to President Gerald Ford, is expected to recommend this week that production and deployment of the MX proceed. But Congressmen briefed on the commission's report predicted a tough fight with no assurance that the President will win. The only slight relief the White House could find in the reaction to the MX was a decision by the nation's Roman Catholic bishops to revise...

Author: /time Magazine | Title: Playing for the Future | 4/18/1983 | See Source »

...historical evidence is unconvincing. At the time of the signing of SALT I in 1972, U.S. defense spending was in decline, but that was a function of disillusionment with the war in Viet Nam. During the debate over SALT II in 1979, there was a bipartisan consensus for more, not less, defense spending...

Author: /time Magazine | Title: Playing for the Future | 4/18/1983 | See Source »

...Domenici, chairman of the Senate Budget Committee, who hoped to be the architect of a face-saving compromise. After House Democrats had passed a budget plan that would raise defense spending approximately 4%, the moderate New Mexico Senator believed that the White House would eventually try to reach a bipartisan accommodation at about 7% real growth. But Domenici's hopes were shattered last Tuesday when G.O.P. members of the Budget Committee were summoned to the White House to hear the President's final offer: a mere $10 billion trim in the Pentagon's nearly $2 trillion five...

Author: /time Magazine | Title: How the Defense Budget Crashed | 4/18/1983 | See Source »

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