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Proponents claim that the appropriated funds could create up to 400,000 jobs in fiscal 1983. The largest single item, a supplemental $1.25 billion in fiscal 1983 for community development, is intended to produce 80,000 jobs in light construction. Other big-ticket jobs boosters: $200 million for the Economic Development Administration (which Reagan had hoped to abolish), $202 million for small-business loans, $200 million for rural water and sewer grants, and $100 million for summer jobs for youths. Also included in the final bill was about $375 million in humanitarian aid, including $100 million for a food program...

Author: /time Magazine | Title: Overdue Bill | 3/14/1983 | See Source »

...current practice leaves the authority and responsibility almost wholly with Commerce. Officials there review all applications for export licenses and invite Pentagon recommendation only when they need a second opinion on whether the item might have military value to a Communist nation. Last year, out of 85,000 applications it reviewed, Commerce concluded that about 8,000 involved national-security considerations. Of those, Commerce asked the Pentagon to take a good long look at 2,000. In the end, Commerce denied only 5% of the sensitive applications. For another 10%, it asked the U.S. firms involved to reduce the sophistication...

Author: /time Magazine | Title: Some of Our Chips Are Missing | 3/14/1983 | See Source »

...ITEM: The Army decided to build a light antitank bazooka at a cost of about $75 each. But once all the designers and program directors had finished tinkering, the weapon ended up costing $787. Even so, it would be hard pressed to knock out a modern Soviet tank. Reason: its shell cannot pierce the tank's forward armor. Congress tried to kill the project, but there is still money for it buried in the Pentagon budget...

Author: /time Magazine | Title: The Winds of Reform | 3/7/1983 | See Source »

...ITEM: Allowing for inflation, the Army is spending the same amount of money ($2 billion in 1983 dollars) on new tanks as it did 30 years ago, toward the end of the Korean War. But the number of tanks produced has declined by 90%, from 6,735 to 701. In 1951, 6,300 fighter planes were funded by the military at a cost in 1983 dollars of $7 billion. The U.S. is now spending $11 billion to build only 322 planes, 95% fewer than...

Author: /time Magazine | Title: The Winds of Reform | 3/7/1983 | See Source »

...ITEM: The Navy is budgeting for six new ships this year. To afford them, it is mothballing 22 older ships, many of which were recently overhauled, because it must cut operating and maintenance costs. For the same reason, it is reducing the sailing time of its ships by 10% from 1982 to 1984. With its net loss of 16 ships, the Navy would appear to be sailing full speed astern in its effort to build a 600-ship fleet...

Author: /time Magazine | Title: The Winds of Reform | 3/7/1983 | See Source »

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