Word: capitols
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Congress keeps insisting on cuts in the defense budget, but one of the biggest obstacles is the schizophrenia on Capitol Hill: members who fight a rear-guard defense to prevent the Pentagon from cutting weapons made in their districts. Last week Les Aspin, chairman of the House Armed Services Committee, announced his opposition to the B-2 Stealth bomber. But other costly programs that Defense Secretary Dick Cheney wants to kill are being protected for pork- barrel rather than military reasons. Here are Cheney's multi-year savings estimates and the reasons they may not be realized...
Reflecting the anger boiling up on Capitol Hill, Rep. Ike Skelton (D-Mo.) told the House, "The attack is a financial assault on America and on the rest of the world that is dependent on Mideastern...
...decision resulted primarily from the Administration's belated recognition of battlefield realities in Cambodia and political realities on Capitol Hill. Over the past six months, the Khmer Rouge forces, an estimated 30,000 strong, have been pursuing a rural-based strategy similar to the one that enabled them to encircle and take the capital city of Phnom Penh in 1975. While the Khmer Rouge are stronger militarily than at any other time since they were chased from power by Vietnam 11 years ago, some well-informed analysts do not believe the gains made during this rainy season represent a dramatic...
...that void should ever become vacant, lots of candidates are waiting to fill it. "You can't take the New Kids and make a clone," warns Capitol Industries-EMI president Joe Smith. But Starr and Scott are way ahead of him. Starr's 12-year-old son is opening for the New Kids as part of a trio called the Perfect Gentlemen, whose debut album is titled Rated PG (Senator Helms, take note). We may also look forward to the re-emergence of Tiffany, whose album and merchandising are now being handled by Scott. "We'll try to follow...
Securities lobbyists, in a desperate attempt to marshal opponents on Capitol Hill, immediately labeled the transfer levy a "tax on savings." Other critics note that Brady's own commission pointed out that a similar plan proposed by lawmakers in October 1987 helped trigger the crash...