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...cuts were accompanied by a substantial increase in federal spending, despite Reagan's campaign promises about reining in the Government. During the Administration's first term, total federal spending jumped 26%, to $852 billion in fiscal 1984. The biggest item was defense, reflecting the President's view that the military had suffered a decade of neglect in the 1970s. Reagan's buildup cost $1.2 trillion over the fiscal years 1981-'86, which boosted military spending 41% after adjustment for inflation. Among the new hardware: the B-1B bomber (cost: $280 billion) and the MX missile system ($20.7 billion...

Author: /time Magazine | Title: The Crash: In The Shadows of the Twin Towers | 11/2/1987 | See Source »

...record-setting trade deficit triggered the market collapse, that imbalance was only symptomatic of the more general shabbiness of the American economy. Under Reagan, the nation's debt has soared from $794 billion to $1.9 trillion. American capital has been drained paying off the debt, the only budget item in the Reagan Era to increase at a higher rate than military spending. Foreign money fueled the Reagan Boom, and it was foreign money that, understandably, bailed out as soon as the going got tough...

Author: NO WRITER ATTRIBUTED | Title: Ronald Hoover | 10/27/1987 | See Source »

...presidential candidate is confronted with charges of misbehavior. Nervously he denies the allegations. A rival campaign leaks a videotape. The candidate confesses publicly to his crime: sneaking 14 items through a ten- item supermarket check-out line...

Author: /time Magazine | Title: Candidates: Scandal on Saturday Night | 10/26/1987 | See Source »

...their front yard, snow melts off six other refrigerators, piles of tires, three Maytag washing machines, a dozen bicycles, several bed frames and various orderly piles of useful treasures, all harvested from the dump. Their toaster, broiler, blender, coffeepot, clock, heaters and just about every other electrical item in the house are also from the dump, repaired by Ron, along with down jackets, chairs, front ends for cars, wood, French windows and jars for canning...

Author: /time Magazine | Title: In New Mexico: A Family Lives in Its Own World | 10/5/1987 | See Source »

...King, his supervisor did not want to record a fuel leak on an Airbus A-300 jet because the plane might have to be taken out of service. King secretly made a tape of the supervisor's words: "I have no chance to move this aircraft with this stinking item in the logbook . . . We don't want any showstoppers. We want the plane to fly away." The leak was repaired, King admits, before the plane took off. Eastern denies that King has any evidence of improper maintenance...

Author: /time Magazine | Title: Our Troubled Skies (Contd.) | 8/10/1987 | See Source »

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