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...federal budget deficit would sharply higher. He foresaw a swollen fiscal 1981 budget deficit by Sept. 30 of $60 tillion as the Government scrambles to meet mushrooming interest payments on its debt. As recently as March 10, the Administration was predicting a far smaller flow of red ink. Regan also predicted that the top had not yet been reached on interest rates...
...nation can afford. The Administration and backers of the Gramm-Latta resolution, which includes the first stage of Reagan's cherished proposal to slash income tax rates 30% over three years, predict a deficit of $31.4 billion in fiscal 1982. No, says Jones, the red-ink figure would be $42.6 billion-whereas, under the Democrats' proposal for a more modest tax cut, the deficit would be held to $24.7 billion...
...changes of size alter the whole relationship, within the image, of photography (the source) to painting (the product). Sometimes, more recently, Close seems to abandon the grid altogether, transforming his standard face of Philip Glass into an almost rococo swirl of repeated fingerprints impressed on the canvas from an ink pad: a literal parody, if ever there was one, of the "sense of touch" in traditional painting. But always he seems to be after a kind of minimalist nirvana where, as he puts it, "every square inch was physically the same, where there was no area of more beautiful brushing...
...Democrats' plan was designed to attract both liberals, who worry that Reagan's cuts in such programs as food stamps and Medicaid would grievously hurt the poor, and conservatives, who are fearful of a tide of red ink stemming from the President's proposed tax slashes. Republicans promptly assailed the program as the product of some highly questionable arithmetic. Nonetheless, the House Budget Committee last week voted 17 to 13 to reject Reagan's spending and revenue estimates and substitute a set prepared by Chairman James Jones of Oklahoma, the principal architect of the counterbudget. Noted...
...story of my brave people at the Battle of Masada." And the third elder, the Pharisee of NBC, asked: "What about me, Lord?" And the Lord God said: "Sorry, Man of Silver, this isn 't your year." But for the good elders, God did part the Red Ink, and the words and pictures of the Lord were brought to the houses of the children of Nielsen...