Word: slashed
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Dates: during 1980-1989
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...what seemed a mystifying code. Aides chalked the figures on blackboards, erased them almost instantly, then chalked new ones. A horse-betting parlor? Commodities trading pit? No, the meeting room of the Senate Budget Committee, which last week gave a flying start to Ronald Reagan's plan to slash federal spending...
...Though the President calculated that his proposals would slash spending by $48.6 billion, the committee staff estimated the actual reduction at $42.9 billion. Of that, $8.8 billion is to be saved by administrative actions, leaving $34.1 billion, by committee arithmetic, that Congress is being asked to chop...
...spending by consolidating and trimming a variety of additional youth-employment programs. Reagan had earlier recommended reducing the number of new or rehabilitated federally subsidized housing units from the 260,000 recommended for fiscal 1982 by Jimmy Carter to 225,000; last week the White House proposed a further slash...
That urgency seems undercut, however, by some Administration proposals. As part of its budget reductions, the White House wants to slash $600 million out of the $5 billion lending authority for the Export-Import Bank, which provides low-interest loans to foreign buyers of U.S. goods. Such credits are often a key factor in determining which company will win an export contract. Countries like France and Japan offer attractive loans if a foreign company agrees to buy their products. American firms may now be at a disadvantage in competing with those exporters...
Hats off to Paul Bloom for distributing $4 million to four charities [Feb. 23]. Our country should use more public servants who can pinpoint the problem, slash the red tape and accomplish a worthwhile deed even though the Government hierarchy is indignant and outraged at his action...