Word: cuttingly
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Dates: during 1980-1989
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When defense-industry executives gather to talk about business these days, their cocktail of choice may be Maalox. As Congress debates how to cut the Pentagon budget, one outcome is virtually certain: programs will be abandoned and assembly lines shut down. Under pressure to cut the federal deficit, Congress and the Bush Administration are determined to shear billions of dollars from military outlays. As a result, anxious defense-industry + executives from New York's Long Island to Los Angeles are frantically lobbying to keep their weapons programs alive. Tens of thousands of jobs depend on the decisions now being made...
...controversial B-2 bomber to just four planes during the next two years, and to authorize those only if the Bush Administration agrees to scale back its $70 billion program. The House also chopped $1.8 billion from the Administration's $4.9 billion request for the Strategic Defense Initiative, cut $502 million out of Bush's $1.9 billion plan for a rail- launched MX missile, and completely eliminated $100 million for the Midgetman missile. Griped Bush: "Yesterday was not the House's most memorable moment." The Senate is expected to complete its own, equally tough spending prescriptions this week. Differences between...
...defense cutbacks is amplified as it ripples through the communities where plants and bases are located. Pentagon economists estimate that each dollar spent in contracts triggers $1.60 of spending in the local economy. Reductions have a roughly equal and opposite effect. On Long Island, for example, defense contractors have cut their work force of 60,000 by more than one-fifth since 1987. As a result, an estimated 26,000 other local workers, from pizza-parlor employees to department-store clerks, have lost their jobs...
...World War II, builds the Navy's F-14D, the highly maneuverable fighter featured in the 1986 film Top Gun. Because Congress has slowed annual production of the Tomcat to just twelve jets, Grumman is reducing its 19,000 work force by 3,100. If Cheney's proposal to cut production even further is carried out, many of the 5,600 Grumman workers who make Tomcats will be put in jeopardy...
...cut costs and preserve programs, former CIA Deputy Director Bobby Inman maintains that defense procurement policies must be streamlined. Defense contractors complain, for example, that the Pentagon insists that parts and equipment be built to military specifications, when less costly, commercially produced gear would often be just as good...