Word: budgeted
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Dates: during 1980-1989
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Last year the Japanese lifted their self-imposed limit of spending no more than 1% of their GNP on defense. But Tokyo has not strayed far from that guideline; the 1988 defense budget accounts for 1.013% of GNP. The U.S. Congress voted overwhelmingly last year to urge Japan to triple its defense spending, to 3% of GNP. The idea appeals to many Americans: the U.S. spends about 6% of GNP on defense, and part of that goes to protecting Japan from possible nuclear and conventional attacks. But Carlucci said in Tokyo that he saw no need for "dramatic leaps...
...scrupulous numbers cruncher end up having to impose $115 million in new taxes? Federal tax reform. To take advantage of the favorable capital-gains measures in the old law, taxpayers unloaded huge quantities of stocks and property in 1986. That boom in financial transactions gave Massachusetts a $140 million budget surplus in 1987. The bill came due this spring, when tax revenue from the windfall dried up and the state found itself in the red. Similar scenarios have unfolded in New York and California, where fellow Democrat Mario Cuomo and Republican George Deukmejian each face deficits in the neighborhood...
Such problems are growing because there are more homeless, more AIDS victims, more drug addicts, more prisoners, more garbage, more toxic waste. The result is budget-busting pressure for more services that many people do not want in their vicinity. But beyond the fiscal debate, there is a painful ethical dilemma for many communities: Who should bear the burden of the common good? As often as not, neighborhoods are rising up to resist responsibility, and in some cases are turning to violence. "Too often we assume that the human being can achieve a good life without attending to the collective...
...fiscal year 1982 to $305.5 million last year. "My feeling is that if everyone assumes that ((legal aid)) is a federal responsibility, the opportunity to develop alternatives simply will not be encouraged," says Corporation Chairman W. Clark Durant III. When Congress refused this year to cut the corporation's budget further, to $250 million, the board actually hired lobbyists to press the lawmakers for less -- yes, less -- money...
...reinforced by the fact that he can "push a button" and destroy large swaths of the globe. But that is a wholly unused and wholly unusable power. In reality, the American President is one of the least powerful chief executives in the West. He cannot even pass his own budget, a minimal attribute of governance...