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...system targeted controlled units to those who needed it, developer, say, the lines at the housing authority would shrink and they would not have to provide extra housing at gunpoint. Those who could afford to pay market rates would then be forced to do so and residential builders would meet the demand. But now, with the present policy, middle-class tenants take up space low income families would have. With a dearth in housing money coming from Washington collers and builders claiming that low income housing is not profitable, nothing is getting built...

Author: By William S. Benjamin, | Title: Plan to Increase to Housing Stock Draws Opposition | 2/11/1985 | See Source »

...place in the history books. Over the past year he has markedly softened his once strident rhetoric toward the Soviets; Reagan wants to be remembered as the President who achieved a verifiable agreement reducing nuclear weapons. Domestically, the deficit Reagan ignored during the campaign is continuing to swell. To shrink it, Reagan is proposing cuts in Government spending even more drastic than those he achieved in 1981, while remaining adamant that the military gets virtually everything it feels it needs. He will require help on Capitol Hill if he is to win those budget cuts, but the Republican Party...

Author: /time Magazine | Title: They Also Made History | 1/7/1985 | See Source »

...nerves." Robert Stone (Dog Soldiers, A Flag for Sunrise) is windy and funny: "I'm not much crazier than anybody else, but I'm not much saner. So, I thought, I'm really feeling crazy today, I think I'll go see a shrink ... He was everything that a psychiatrist should be: ... Jewish ... very together, very humane. I went to him, and I talked to him, and he said, 'What you need is religion. What you should do is to go to Uttar Pradesh in India-the ground is so holy that the vibes coming...

Author: /time Magazine | Title: Books: Quiet, Please, Writers Talking | 12/24/1984 | See Source »

...many members of Congress, the balloon seems filled with lead. They are loath to brave the wrath of the many constituents who would be hurt by the plan for the sake of a reform that does nothing to shrink the shockingly menacing deficit. Many would prefer to use tax reform as sugarcoating for a net tax increase, but that approach would clash head on with Reagan's diehard opposition to any overall tax boost. Consequently, Robert Dole, newly elected majority leader of the Republican-controlled Senate (see following story), gently told the White House that Congress would probably give...

Author: /time Magazine | Title: Up Go the Trial Balloons | 12/10/1984 | See Source »

During the campaign, Reagan repeatedly predicted that growth in production and incomes would raise federal revenues enough to shrink deficits painlessly. Figures released last week, however, made it clear that right now the exact opposite is happening. The Government recalculated the third-quarter increase in the gross national product, or total output of goods and services, at a mere 1.9%, vs. 7.1 % in the previous three months. It reported a 7.3% drop in after-tax corporate profits during the third quarter. Moreover, October reports disclosed a slight but unexpected decline in consumer spending, and much bigger falloffs in housing starts...

Author: /time Magazine | Title: Plunging into the Red Ink | 12/3/1984 | See Source »

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