Word: runaways
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...blame for the deficits to Congress was deeply resented by Democratic leaders on Capitol Hill. "President Reagan is trying to pass the buck on the worst record of Government red ink in American history," charged House Speaker Tip O'Neill. "It is Reagan's recession, the runaway Reagan military budget and the Reagan tax breaks forthe wealthy that are creating the Reagan red ink." House Majority Leader James Wright called Reagan "the biggest alibi artist ever to serve in the White House." Such barbs led Deputy White House Press Secretary Larry Speakes to say cuttingly, "Those guys...
...that the economy will prove weaker than experts now predict. Says David Jones, senior vice president of the brokerage firm of Aubrey G. Lanston: "This is a case where the market is only reading the good news it wants to hear." The bad news that Jones sees is the runaway federal deficit, which might range up to $200 billion in the coming fiscal year. High deficit spending could lead to heavier federal borrowing that would drive interest rates back up again. A few individual investors are also having second thoughts. Early last year, Stanley Reed, 33, a Brooklyn landlord, invested...
...opener, with a Don Allard solo shot in the fifth producing Harvard's only run. By then the Lions had already left the Crimson far behind, blasting their way to four first-inning runs. Two more tallies in the fifth and three scored in the seventh completed the runaway...
Thank you for your story on Pentagon spending, "Who Says Numbers Never Lie?" Considering these facts, it was appalling to read in your letters column [March 28] Senator Barry Goldwater's denunciation of Franklin Spinney's presentation on runaway defense costs as "talking about history, not about our current situation." Goldwater is in a position to analyze Spinney's charges objectively. Unfortunately, he has chosen to sweep them under the rug instead. John D. Rozendaal Houston...
...interview conducted last week when Tuchman was in Cambridge to deliver the Atherton lecture, the historian suggested a second reason for her runaway success--an explanation which reveals another dimension to Tuchman's histories, as well as the evolution her work has undergone. That explanation is her use of history as a "distant mirror"--a historic parallel of 20-th century problems...