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...ideological stripes, were directed at the startling deficits Reagan is proposing. For fiscal 1983, the President predicted a $91.5 billion shortfall, shrinking only to $82.9 billion in 1984. Worse yet, the Congressional Budget Office disputed those figures, pegging the 1983 deficit at a staggering $157 billion and predicting a climb to $188 billion in 1984 and a whopping $208 billion in 1985. "There's a lot of panic among the Republicans," said New York G.O.P. Congressman Barber Conable. "They are splattering all over the ceiling...
Nathan Higginbotham, manager of corporate planning for Government programs at McDonnell Douglas, prime contractor for the F18, agrees that part of the reason costs climb is "the inability of both the military and the manufacturers to fix a design and then stay with it." Richard Wollensack of Itek Corp., a high-tech optics company, argues that advanced capability is what gives the U.S. its military muscle. Says he: "If you know that the other guy's tank sights are good up to six miles, you certainly are going to try to design yours so that they're good...
...board member suggested that scrapping Reaganomics altogether and starting over would be a good remedy for the current economic problems. For 20 years the U.S. has suffered from stop-go policies. As soon as unemployment started to climb, the battle against inflation ended. Then when prices began to jump, policy was reversed again. Said Feldstein: "The greatest danger is that we panic and undo all the gains we have achieved in reducing inflation and easing the burden of excessive federal spending...
Sunday, the spikers from the New Jersey Institute of Technology climb the stairs of the IAB to challenge the Crimson...
...jetliner took off. Seventeen seconds later, already alerted to the danger of a stall by the rattle of the control stick, Wheaton tried to will Flight 90 aloft. "Forward, forward. Come on, forward. Forward! Just barely climb." Five seconds later Pettit knew it was over. "Larry," he said, "we're going down, Larry...