Word: parings
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Discourage the Growth of Federal Spending. Sharply reduce grants to the states, most of which are running surpluses and do not need such large payments. Pare the defense budget by returning to some form of military draft, paying 19-year-olds at a rate of $100 a month for one year's service. Such a move would arouse immediate protest and unpopularity, but it could reduce the Pentagon's personnel costs by several billions. As the growth of federal spending drops, the need for Government borrowing will decline, freeing up more capital for private investment...
...desperately appealing to him to be exempted from budget cutbacks. Less than a month remains before Jimmy Carter presents to Congress his spending program for fiscal 1980, and Cutter and his OMB colleagues are locked in a furious struggle with almost the entire federal bureaucracy. The goal is to pare spending requests and put together a budget that will not exceed the $30 billion deficit that Carter has pledged. Congress is in a cutting mood, but may change its mind when specific sacrosanct programs come...
...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...