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Reagan's original budget proposal included $2 billion in cuts from federal student aid, eliminating financial awards to more than 2 million students. Experts feared that these cuts would lead to drastic cutbacks in the number of grant recipients and the collapse of the GSL program...

Author: By Maia E. Harris, | Title: Senate Extends Budget for Financial Aid | 6/5/1986 | See Source »

Despite its apparent mainstream acceptance, the bill contains features that will be loudly debated in the days ahead and, if passed, will force businesses to make drastic changes. Among them...

Author: /time Magazine | Title: Thumbs Up for the New Tax Plan | 5/26/1986 | See Source »

...years and keep the measure from losing revenue. Even if the committee's bill survives the upcoming battle on the Senate floor, it will still have to be reconciled with a version passed by the House last December, which also cuts rates and closes many loopholes but is less drastic than the Packwood plan...

Author: /time Magazine | Title: Wow! Real Tax Reform! | 5/19/1986 | See Source »

...will be the first to admit that I go to the bathroom too often for my own good, but Harvard's measures seem much too drastic. Next thing you know, they'll be putting in those single sheets of cellophane in their toilet holders like they do at cheap restaurants and gas stations...

Author: By John Rosenthal, | Title: The T.P. Squeeze | 5/7/1986 | See Source »

...Gorbachev is demanding better economic performance from his allies not through any drastic reform but simply through attacking the familiar abuses of the Communist systems: waste, corruption, sclerotic bureaucracy and poor workmanship. Instead of policy and leadership changes, $ Eastern Europe's regimes are under marching orders to take the slack out of the existing economic systems. Central planning remains, but better and younger economic management is expected to bring improved results...

Author: /time Magazine | Title: Eastern Europe Communism's Old Men | 4/28/1986 | See Source »

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