Word: sacrosanctity
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Dates: during 1980-1989
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Attacking the once sacrosanct military budget is a move persistently pushed by Budget Director David Stockman and stoutly opposed by both Weinberger and Secretary of State Alexander Haig. It seems unavoidable. Between $70 billion and $90 billion in new savings must be found by 1984 to salvage any hopes of a balanced budget, so either some popular domestic programs will have to be abolished altogether, rather than just trimmed, or the Pentagon will have to share in the reductions. Failure to touch the military budget, concedes one presidential aide, will let critics claim that "the President wants to dismantle...
Nonetheless the prime rate remains the bench mark by which most people measure the cost of credit. But a new report by the House Banking, Finance and Urban Affairs Committee suggests that the once sacrosanct prime has become almost meaningless as a guide to what most borrowers-big or little -actually pay. The report, which mainly addresses the prime rate's application to business borrowing, found that it rarely applies to large, profitable corporations. They can usually borrow money at three to four points below prime, a discount reflecting the importance of the volume of their business with their...
...Administration expects. Partly because of this gloomy forecast, Republicans on the Senate Budget Committee agreed during a six-hour meeting Monday night to support a move to trim cost-of-living increases scheduled next year in Social Security pensions and veterans' benefits, two programs that Reagan has ruled sacrosanct...
...fact,. Israel's defense budget, which amounts to nearly 30% of the country's GNP, has traditionally been almost sacrosanct. Thus when Hurvitz tried to cut military spending by 10% to $2 billion for 1981, he provoked anguished howls not only from the defense community but also from Prime Minister Begin, who has uneasily held a second portfolio as acting Defense Minister ever since the resignation of Ezer Weizman last May. One result of Hurvitz's stand: Begin's Cabinet so far has been unable formally to vote on the entire 1981 budget...
...inventiveness of despair, Carrie suggests that she and Oliver have a pretend-affair of their own to win their spouses back. The working of the ruse and the very clever denouement are as sacrosanct as the secrets of the confessional and the whodunit...