Word: slashe
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...economy now in a slowdown, precluding a rapid expansion of revenues at present tax rates, there is only one means to dry up red ink: spending cuts even more drastic than the Administration won in 1981. Stockman's recommendation, faced with these all but absurd options, was to slash estimated outlays by $45 billion the next fiscal year, $85 billion in 1987 and $110 billion...
Budget planners are talking up such recommendations as a new attempt to slash or eliminate federal operating subsidies for mass-transit systems, enact new restrictions on Government-subsidized student loans, consolidate and reduce many federal grants to localities, and perhaps abolish the Department of Education. But they are pointedly not discussing any further slashes in programs such as food stamps and welfare that make up the so-called social safety net. Vows one planner: "There will be virtually nothing in this budget that can be construed as an attack on the poor...
Unions agreed to curb their wage demands if companies would hold the line on prices. The pact helped slash inflation from an 11% rate only 18 months ago to its current level...
...brush imitating the microform of nature-the scrawling striations of a gnarled olive trunk, the "Chinese" contortions of A weathered limestone-so the drawings break down the pattern of the landscape and re-establish it in terms of a varied, but still codified system of marks: dot, dash, stroke, slash. In his best drawings sur le motif, most of which belong to his second visit to Montmajour in July 1888, one sees how this open marking evokes light, heat, air and distance with an immediacy that "tonal" drawing could not. Space lies in the merest alteration of touch; light shines...
While most economists agree that the deficit is a threat, there is no consensus on how to slash it. Many, including conservatives like Feldstein as well as liberals like Alice Rivlin of the Brookings Institution, believe that tax increases are unavoidable. Others, like Allan Meltzer of Carnegie-Mellon University and David Meiselman of Virginia Polytechnic, think that the emphasis should be on reductions in spending. In the NABE survey, economists were almost evenly split on the issue: 42% said that the deficit should be pared solely through spending cuts, while 41% supported some form of tax increase or reform...