Word: slashe
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...only strategy that offers much hope for a deep reduction in the deficits would be a combination of cuts in social programs that so far have largely escaped the ax-above all, Social Security-a slash in the military budget and a rise in taxes. But Reagan will not even discuss paring back military spending, and he said in his latest news conference that only a "palace coup" could move him to accept higher taxes. The Democrats have also shied away from advocating less military spending or higher taxes, while some call for publicworks programs that would make the deficits...
...very much. Asked what the nation should do to spur economic recovery, 66% chose as their first priority large cuts in Government spending. A plus for Reagan and the Republicans? Not entirely: 62% of those who gave this answer would reduce planned military outlays, vs. only 21% who would slash further into social-program expenditures...
...succeeding years. Unwilling to battle that trend, the Tribune Co. put the paper up for sale last Dec. 18. After three fallow months, the company announced that Texas Wheeler-Dealer Joe L. Allbritton was "buyer of last resort." But when Allbritton demanded a wage rollback and a one-third slash in the $190 million payroll, union leaders balked, and the "last resort" disappeared. Everyone braced for the final step in a grim scenario that had been played out in Washington (the Star) and Philadelphia (the Bulletin), and that was soon to be repeated in Cleveland (the Press). Instead, the Tribune...
...point nearly everyone agreed: the chaotic trading and uncertainty were directly traceable to Washington's ongoing failure to slash the runaway federal deficits that triggered crippling interest rates in the first place. Administration officials conceded last week that next year's budget shortfall will be closer to $140 billion than to the $115 billion gap they foresaw just two weeks ago. The Government will have to borrow at least $100 billion in fresh cash during the rest of 1982, and must raise $35 billion of that by the end of September. Says Irwin Kellner, chief economist of Manufacturers...
...William Casey and William French Smith, in spite of disclosure of their financial mixdealings. And there is no sign that James Watt is on the way out, despite the furor over his letter to Israeli Ambassaror Moshe Areins which somewhat to blackmail American Jews into supporting his slash and burn land use policies Reagan seems confident that his adoring fans will forgive members of his supporting cast...