Word: deficits
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Dates: during 1980-1989
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...real issues at stake. While the first Stealth, which the government shrouded in a veil of secrecy until two weeks ago, has yet to fly, the Air Force already wants to build another 131. Such a spending frenzy could greatly imperil Bush's efforts to reduce the federal budget deficit, the goal he recently announced would be his first goal as president...
...will be needed in his Cabinet job, in which he will have a surfeit of needs but very little money. Bush's campaign goals include more funds for Head Start and $500 million for "merit schools" -- dollars that will be hard to find, given the pressures of the budget deficit. Balancing books may be difficult, but getting students to read them is Cavazos' main concern. "We've heard a lot about budget and trade deficits," he says. "We've got one that's equally dangerous -- the education deficit...
...Finance Committee have been quietly pondering measures that would reduce the tax loopholes for interest payments and give a break to dividends. To cushion the Wall Street impact of such provisions, they might be included as part of a general tax bill that would seek to narrow the budget deficit...
Asked if he would cooperate with Bush, Mitchell said he plans to meet with him soon and "We hope to move forward on a broad range of issues," including the federal deficit, health care, day care and the environment...
...requested $348 million in funding for fiscal year 1989. It is projected that afterward the SSC would require $600 million a year until 1995, an uncertain amount in 1996 to finish the job and a projected $270 million a year in operating funds thereafter. At a time when deficit and budget reduction will become ever more important, that kind of spending will take every bit of clout Bush, Bentsen, Gramm, Wright and their fellow Texans can muster...