Word: parings
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...past five years to keep up with ballooning health-care costs. The food-stamp program swelled from 16 million recipients in 1978 to 21.1 million in 1980, after Congress struck down the rule that people must purchase their stamps. Some officials view the cuts as a chance to pare administrative costs as well as marginally effective programs. Says Democratic State Representative Francine Panehal of Ohio: "It's a golden opportunity to get rid of programs that were worthless and prop up those that really work...
Food Stamps. With this program's 1982 budget of $12.9 billion snipped by $1.6 billion, some 1 million out of 22.5 million recipients will lose their stamps. Most states will make no attempt to cover the shortfall from local funds. Michigan officials, for example, expect to pare 16,000 from its food-stamp line of 396,000 households, while New York City may shave 68,000 from its roll of 1.1 million...
...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...