Word: butter
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...Hampshire, however, most voters care about guns and butter. "I've got sons that are draft age," one woman tells me, "and I don't want them fighting for gas and oil." Kennedy says the president shouldn't be re-elected "just because he happened to be standing there when his foreign policy fell apart." Kennedy opposes draft registration; Kennedy supports a random system to draft both men and women. He supports the president's requested 3-per-cent hike in defense appropriations but draws the line elsewhere; he is for developing the concept of the MX missile...
Economists Weidenbaum, Greenspan and Pechman each estimated that increased defense outlays next year will boost fiscal 1981's defense spending by more than $7 billion, to about $150 billion. Said Sprinkel: "It may not be a guns-and-butter budget, but it is at least guns and margarine...
Jung called the ERA a "human rights amendment" and a "bread and butter issue" during the information and discussion session. In a meeting tonight at the Kennedy School, Jung will outline NOW's strategy for ratification and recruit students for action teams...
...injection into the economy of new cold war defense spending, without any concomitant reduction in social expenditures, could be like hitting the gas pedal on a car already careering out of control down a hill. The last budgets that resembled this year's reach for both bullets and butter were President Johnson's Viet Nam-era spending programs, which unleashed the inflation that now plagues the nation...
...combination of continued strong inflation and higher federal spending ruled out any relief. Warned the President in his State of the Union message: "The urgency of the anti-inflation fight requires that we defer such tax reduction at this time." Thus the Administration's guns-plus-butter spending program is being paid for by still heavier tax loads. Says Republican Congressman Barber Conable: "That's the Carter strategy: to balance the bud get by tax up-creep." The President's skillfully crafted election year strategy of higher federal spending combined with steep taxes, however, could still...