Word: parings
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Dates: during 1980-1989
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...vacation: his pledge to balance the budget by 1984 will take precedence even over his plans to spend $1.5 trillion on defense over the next five years. Thus Reagan ordered an extremely reluctant Defense Secretary Caspar Weinberger to prepare "a reverse wish list," a series of optional ways to pare somewhat the planned level of annual increases in military spending. Still, Aide Baker jolted the Pentagon by publicly announcing how big the rollbacks in increased spending might be: up to $30 billion...
Reagan did pledge that the Pentagon would feel the budget-cutting pinch too. He proposed to close some military bases and pare down a pay raise for civilian employees of the Department of Defense. Even so, military spending next fiscal year would rise $4.3 billion over the $181.5 billion Jimmy Carter proposed, and that is a modest start. In fiscal 1983 the increase would be $20 billion; by fiscal 1986, $63.1 billion. Some of the projects the money would go for are obvious enough: a new manned bomber, an additional nuclear aircraft carrier, faster production of jet fighters. But Pentagon...
Lifetime Employment. Upwards of 35% of Japan's work force is covered by this paternalistic employment practice, which requires sacrifice on the part of all company employees when recession or other problems threaten a firm with layoffs. Instead of jettisoning workers, company managers will pare down paychecks for everyone, including themselves, normally by either withholding or deferring payment of the large, twice-yearly bonuses that both bosses and employees receive. Such actions foster a sense of shared experience by everyone...
...must find ways to trim the budget accordingly. In Iowa, Republican Governor Robert Ray successfully pushed for a $50 million tax cut in 1979. For the current fiscal year, he has had to pare his budget three times for a total savings of $75 million. The state could still end $22 million in the red. To make ends meet, Ray is pressing for higher cigarette and gasoline levies as well as a new 3% sales tax on out-of-state telephone calls...
...Reagan said that hiring outside contractors for federal work-another ruse for getting around a freeze-will not be permitted. But he did not issue a flat ban on the practice. Another tip-off will be the size of the White House staff. Like Carter, Reagan has promised to pare it. One measure of his resolve will be quickly apparent: the number of employees listed on the payroll of other agencies who are actually working for the White House-a typical gimmick for hiding...