Word: clampdown
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...second question is whether Reagan will really be able to enforce the spending cuts that he now admits are necessary to balance his tax reductions. The early portents are not favorable. Many economists believe that federal spending can never be brought under control without a clampdown on the "entitlement" programs-Social Security, veterans' benefits, Medicaid-under which more Americans every year qualify for benefits that are guaranteed by law to expand. And Reagan last week pledged himself to maintain "necessary entitlements already granted to the American people," though he opposed adding any "new programs funded by deficits." Says Otto...
Meanwhile, a series of surprising actions by the Federal Reserve in recent weeks suggests that Chairman Paul Volcker would like to see those volatile rates remain low in order to prevent the recession from getting any worse. The Fed has switched from a draconian clampdown on the growth of money all spring to a breathless 14.9% annual rate of increase in June. Moreover, it has begun cautiously lowering the levels to which it will let certain key interest rates sink. At the same time, the U.S. central bank, in a further effort to feed cash and credit back into...
Sadat, however, may have regarded the timing of the measure as a violation of the Camp David spirit. In addition the Egyptians are angry over Israel's tough security clampdown on the West Bank following a Palestinian commando assault on Jewish settlers in Hebron in which six Israelis were killed. And like many other governments, Egypt is both irritated and confounded by Israel's determination to press ahead with the establishment of new Jewish settlements in the occupied territories. Plans for two additional settlements in the northern portion of the West Bank were announced last week...
...working for the clampdown...
...Working for the Clampdown" is the only song on London Calling with the Clash's old bang-it-out-and-mow-them-down ferocity. The other songs employ speeded-up reggae, pop harmony, heavily produced ballads, or Jamaican swing to get essentially the same political points across to a larger audience. London Calling contains only one love song, and it's the worst on the record...