Word: shrinkly
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...improved the number and quality of its conventional forces. The Warsaw Pact has particularly improved its capability for short-warning attack. Therefore we have a dauntingly long way to go in restoring the conventional balance. Yet we and our key allies are under immense budgetary and other pressures to shrink NATO's forces. So while strengthening NATO's conventional capability is desirable, it will require careful handling of our allies and additional resources. In estimating the price tag for these conventional improvements at $3 billion over four or five years, as you did in an interview with the Baltimore...
...past half-year, the downsize dollar has finally done wonders for U.S. trade problems. By making American products more competitive overseas and foreign imports more expensive at home, the smaller dollar helped shrink the U.S. trade deficit to just $9.9 billion in April, the lowest in more than 2 1/ 2 years. But in the past two weeks, the dollar has climbed 5.9% against Japan's currency, to 133 yen at the end of June, and 3.7% vs. West Germany's, to 1.81 marks. That still leaves it 48% below its peak 3 1/2 years...
...however, lawmakers have already used the pension reserve for a far less noble cause -- to help mask a big part of the federal deficit. Since Social Security receipts count as part of the overall budget, congressional projections indicate that the deficit should gradually shrink from $150 billion in 1987 to $134 billion in 1993. Without Social Security's extra padding, however, lawmakers would be forced to admit an unpleasant reality: the deficit resulting from all other Government programs will actually grow from $170 billion in 1987 to $231 billion in 1993. Says Bosworth: "The basic budget deficit is getting worse...
...been repeatedly undermined by budget constraints. Federal funding for the compiling of statistics has fallen from $1.7 billion in 1980 to $1.6 billion in 1987, even though the cost of gathering data has gone up. The Administration wants more money for the job, but as Congress struggles to shrink the budget deficit by cutting spending, the chances seem slim that something as unglamorous as statistics will survive...
Such bouts of good feeling have been seen before -- and dashed before. Alone, they have little more significance than smiles at a summit, and they can be just as deceptive and dangerous. But to the extent that the new attitudes reflect real reforms in Soviet society that shrink the basic differences between the two nations, they could mark a historic turning point in the cold war. That would be far more important than anything Reagan and Gorbachev might conjure up at a crowded conference table, or inside a cozy dacha...