Word: paring
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Dates: during 1970-1979
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...caucus," he observed, "is a reflection of the mood of the country-a mood of restraint and moderation." The leaders take that to mean that the 96th Congress is not likely to embark on many new programs, will work hard to make present programs more effective, and will pare even the bare-bones budget that Carter is expected to present...
...drain of dollars out of the U.S. Indeed, Carter personally lobbied House members to work out a compromise to end a fierce dispute over natural gas pricing. Finally, they spoke of both a flat ban on any new federal programs and of cuts in existing ones. The goal: to pare the budget deficit for fiscal 1979 to roughly $40 billion, from the $48.5 billion projected at the start of the summer, as a way of controlling the inflation that is weakening the dollar...
Vance will also try to resolve problems with the timing of the accord. While both sides agree that the Soviets will have to reduce their strategic arsenal somewhat, it has not been decided how long Moscow can take to do so. The U.S. wants the Soviets to pare down to 2,250 strategic systems within six months after the SALT II pact is signed; Moscow would like three years to reach that number...
...more important to control inflation than to trim taxes. As a result, strong pressure is building in Congress to reduce the cut to $18 billion or $20 billion, and perhaps to delay it by three months as well, making it effective Jan. 1. Those two moves would pare the fiscal 1979 deficit from the $61 billion that Carter has budgeted to less than $50 billion...
...widely varying reasonableness. Some conservatives would shrink foreign aid, welfare, Social Security benefits. Alan Greenspan suggests reducing expenditures for public service employment of the jobless, a most dubious economy. Rudolph Penner, director of tax policy studies of the American Enterprise Institute, a conservative think tank, more sensibly would pare the roughly $68 billion in federal grants-in-aid to state and local governments, many of which are now running budget surpluses...