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...doubt. Testifying before the Senate Government Affairs Committee last week, Budget Director David Stockman attempted to wave away the disruptive threat of projected Administration deficits by arguing that they will constitute a smaller proportion of a larger economy than before. The claim is a very weak reed to lean on. During Jimmy Carter's peak deficit year of 1980, the red ink reached $59.5 billion, or 2.3% of the nation's $2.6 trillion gross national product. By contrast, the CBO's projected Reagan deficit of $109 billion for fiscal 1982 will be at least...

Author: /time Magazine | Title: The Great Deficit Dilemma | 2/15/1982 | See Source »

Here is George Orwell, resembling "Don Quixote, very lean and egotistic and honest and foolish; a veritable Knight of the Woeful Countenance ... A kind of dry egotism has burnt him out." Here is Winston Churchill in retirement, "a curious mixture of cunning and animality" pathetically exhibiting an old Boer War poster advertising ?25 for his capture: "It's more than they would offer...

Author: /time Magazine | Title: Books: Curmudgeon | 2/15/1982 | See Source »

Insofar as these ideals are universally human, the obligation is real, if less manageable than the cube analogy would suggest. Unfortunately, the Administration's puzzle solvers lean towards the engineer's approach to foreign policy take the cube apart, cut the knot with Trident and Lance missiles and try to join the frayed ends...

Author: By Peter Kolodziej, | Title: The Shape of Our Times | 2/10/1982 | See Source »

...model and self-described stately homo of England detailed his early life and hard times. The book was surprisingly comic, acidulous and touching, and the TV-film version won awards for Actor John Hurt. It was precisely as the old poseur had figured: "Even if you only lean limply against a wall and you happen to live a very long time, gradually it will begin to give...

Author: /time Magazine | Title: Books: Old Boy | 1/25/1982 | See Source »

Adopting the slogan, "A Fat Man for Lean Times," Sen. Edward M. Kennedy '54 kicks off his reelection campaign. Several advisers privately recommend that he not announce his candidacy from the bridge at Chappaquiddick. "Nonsense," Ted replies. "It will get lots of publicity...

Author: NO WRITER ATTRIBUTED | Title: 'Hit Squads' From the Quad | 1/15/1982 | See Source »

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