Word: slashes
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Dates: during 1980-1989
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...prepared for a speech this week announcing a new, and drastic, series of budget cuts, White House aides were well aware that the President for the first time was facing a credibility gap. To a large extent, Reagan had opened it himself by delivering on his campaign promises to slash taxes deeply, while starting a huge military buildup. Those astounding successes have raised grave doubts that Reagan can also redeem his equally important pledge to balance the federal budget by fiscal...
Somehow, the President must find $90 billion by his Administration's own estimate ($100 billion by Volcker's) to slash from planned federal spending over the next three years. About $16 billion of that will have to come out of the budget for fiscal 1982, which starts Oct. 1-on top of $35 billion axed in the first round of reductions. Moreover, the President will have to push his new cuts through a Congress that seems much less compliant than it was when it handed Reagan his big budget and tax victories in early summer...
...other big carriers were drawn in. Starting Oct. 1, United plans to slash its transcontinental rates by as much as 44%, lowering a first-class tick et from New York to the West Coast from $1,340 to $750. Complained one United official: "People are charging fares that do not cover costs. But you have a choice of being competitive or giving up a large slice of the market...
...Nita Longley (Sissy Spacek), a divorced woman with two sons, works in an isolated house as the town's switchboard operator. She meets a fresh-faced sailor (handsomely played by Eric Roberts); there is a tender affair, another man (Sam Shepard), a pair of resentful layabouts, an abrupt slash of melodrama. Except for the denouement, Raggedy Man proceeds with the even pace of a journey over the Texas plains as seen through a child's wide eyes...
...through the blue smoke of his supply-side policies thought he would be better than Carter anyway, supposing that Reagan's actions as president would be more moderate than his rhetoric. But he fooled them all, keeping all of the many campaign promises to dismantle federal programs, slash taxes and increase military expenditures. Reagan has had his pound of flesh. Now Wall Street wants blood...