Word: predictible
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...fiscal 1983 budget with an equally dizzying debt. The man who for years attributed almost every economic woe to Government's propensity to spend more than it takes in shrugged off this lapsed faith by saying, "There are too many imponderables for anyone to predict deficits or surpluses several years ahead with any degree of accuracy." Reagan has discovered that it is much harder than he once claimed it would be to increase defense spending, cut taxes and balance the budget all at once. When faced with the conflict, he decided the first two goals took a higher priority...
White House estimates, which predict a much better fate for the states than local officials do, foresee the states emerging with a net combined gain of more than $2.5 billion. Obviously, all such projections are murky, with various officials making different assumptions about just what would happen. "The numbers thrown around by the President look suspicious," contends Economics Professor Bernard Weinstein of the University of Texas. "State and local governments will get the shaft as well as the shift...
Instead of job programs, Bradley suggests a short-term remedy of extending unemployment benefits; he predicts there will be growing pressure from Congress within the next two months as the 2.5 million people who lost their jobs late last year begin to run out of benefits. But in a meeting of the Cabinet Council on Economic Affairs last week, in which unemployment was on the agenda, Reagan and his aides did not discuss the proposal to extend benefits. Said a White House aide: "We feel we need to demonstrate concern for unemployment, but without reinstating benefits that would affect...
...protect their secrets. A few aggressive small firms like Datotek in Dallas are having success selling encryption devices to companies. Some of Datotek's best customers are oil firms, which fear that competitors will steal the results of oilfield tests that reveal promising drilling sites. Computer-security specialists predict that the demand for electronic scramblers will soon explode. Says Donn Parker of SRI International, a California research firm: "Encryption is the control of the future. During the '80s it will become very important...
...rumors and leaks that have abounded in Washington over the past week predict Reagan will ask for cuts of 50 per cent, on the average, to all college financial aid programs--grants, guaranteed student loans, and work-study--over and above the steep decreases already approved in October, John W. Peltason, president of the American Council on Education, said yesterday...