Word: slashe
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...buildup in U.S. history, one that will cost $1.6 trillion over the next five years. Yet criticism is growing that Weinberger, by pushing so fervently to carry out Reagan's mandate to "rearm America," has been creating opposition in a frustrated Congress, which must either cut defense costs, slash social services or raise taxes to reduce the projected deficit of at least $150 billion in fiscal 1983. By serving Reagan too well, Weinberger may be serving him unwisely...
...feel that the programs we have now are essential, and if we do not get them we are sending bad signals around the world." Weinberger, moreover, points out that even if critics get their way and the Pentagon budget is cut by $5 billion to $10 billion, the slash will hardly make a sliver's worth of difference in a projected deficit of $150 billion. The Defense Secretary has grown so protective of his budget domain that he adamantly refuses to heed requests from Congress to suggest parings. "I don't want to participate in a process...
...cure for Mexico's economic ills will involve still greater hardship. To repair its international financial position, Mexico has promised the IMF to slash its towering budget deficit from 16.5% of gross domestic product this year to 8.5% in 1983 and 3.5% in 1985. That will involve a painful pruning of personnel from the country's more than 1,000 state and quasi-government organizations, plus a sharp curtailment of Mexico's dense fabric of price subsidies. De la Madrid's announcement that he was lifting price controls on 2,700 items is only the beginning...
Whether the President can prevail in his determination to slash funding for social programs, rather than military projects, in tackling deficits now estimated as high as $200 billion in each of the next two years is doubtful. Last week Budget Director David Stockman ordered the Department of Health and Human Services to save some $500 million in the fiscal 1984 budget by sharply cutting the personnel of the Public Health Service. All ten regional offices of the Public Health Service would be abolished. The Stockman directive will be effective unless it is withdrawn by the Administration or vetoed by Congress...
...multimillion-dollar election was a disaster for the American people and a boon to television. Most of this money was spent to produce worthless political rhetoric. If the Federal Government wants to slash expenditures, it should start by cutting campaign financing, an area that can well afford...