Word: reductionism
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Dates: during 1990-1999
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Though the compromise was clearly falling short of the $500 billion deficit- reduction target, Clinton embraced the final package even before the conference committee had concluded negotiations. In an Oval Office interview with TIME Friday afternoon, the President pronounced himself "very pleased with the basic outlines" of the plan. "This...
But the smaller increase in energy taxes meant that the conferees had fewer revenues to pay for Clinton's cherished "investments" in new programs and tax deductions for business. That development set off a second round of negotiations Friday that left conferees between $10 billion and $13 billion short of...
Similar skepticism prevails in Washington, where Administration after Administration has pleaded, demanded and negotiated for freer entry into Japanese markets and a reduction of Tokyo's trade surplus -- $49 billion in $ 1992. Reflecting on those battles, most U.S. experts advise caution in appraising last week's election, even if it...
"I am well aware the commission has suffered a 40 percent or greater reduction in its budget and a 40 percent reduction in personnel," Spicer said.
DAVE GOODRICH, WHO OWNS PART OF a small real estate firm in downtown Indianapolis, Indiana, ought to be happy right now. Thanks to the steady decline in mortgage rates, his business is growing rapidly. The company has nearly doubled its work force since 1986, while reinvesting roughly two-thirds of...