Word: inkly
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...syndicated columns, McManus contended that "the man who lambasted Jimmy Carter for $200 billion in federal red ink after four years now presides over that much deficit in a single year. Conservatives who still believe in the truth of Ronald Reagan's government is the problem' have been humiliated and rendered leaderless...
...News Office makes no effort to understand the "rambling" letters. One, written in multi-colored inks, is addressed to "Former Associates of J. Edgar Hoover." It is a disorganized discussion of mental illness making as much sense as the random change of ink color...
...President's call for an overall freeze on total domestic spending (mostly by cutting some programs and postponing pay increases for federal workers and cost of living adjustments in entitlement programs) seemed to most Congressmen a feeble bulwark against the sea of red ink. Senate Republicans had suggested a freeze on all federal spending as a "bold" way to control the budget, but when Reagan exempted defense and other programs the plan lost both its simplicity and its moral force. "In order to get a freeze, we have to be fair about it," said G.O.P. Congressman Denny Smith...
Underlying the gloom on Capitol Hill was the realization that even if Congress cut the defense budget by a few billion more, and the President won his reductions in entitlement programs, the deficit would still be in the stratosphere. The Administration predicts red ink will reach $300 billion by 1988 if nothing is done. Said Alexander Trowbridge, president of the National Association of Manufacturers: "The most troubling aspect of the President's speech is that in spite of his proposals, projected federal deficits will remain unacceptably high next year and for years to come...
...budget predicts less red ink but high unemployment