Word: slashes
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Dates: during 1980-1989
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...ideal to deflate that 800-lb. marshmallow. Says he: "We could take back maybe $1 billion or $2 billion and not cut out any services at all." In fact, the hearings revealed that the Office of Management and Budget has already decided that all agencies will be required to slash funding for consultant contracts by 15%. Recalling the OMB's failure so far to count all existing contracts, Pryor remains skeptical. "Where are you going to cut it from," he wonders, "when you don't even know how much you're spending...
Those who support the legislation, and a subsequent amendment to the state constitution that would slash tax revenue even more severely, say the picture is not so gloomy. "Every day some city manager or another is spouting off that this would be a disaster...They say the libraries will have to be closed or some such," Jim Sledd, public relations director for Associated Industries, says. "It's bullshit," he adds. In the first place, Sledd says, the tax cuts would be good for business, and that would mean expansion and hence more tax revenue. Greg Hyatt, executive director of Citizens...
Lannon, who will submit a budget for the next fiscal year tomorrow, said yesterday he would slash spending to hold that budget below the statemandated four-per-cent increase...
...Republicans want to slash spending sharply enough to leave room within a balanced budget for immediate "supply side" tax cuts, such as more generous depreciation deductions for business. This would spur savings and investment, which they contend is needed to reverse the recent drop in productivity, a major cause of inflation. Carter agrees that investment-prompting tax cuts are necessary, but he argues that they can come only after the budget is safely into surplus...
...avoid open confrontation. He has a fondness for fine food, art and opera. His taste: Mozart always, Verdi and Wagner occasionally. "There are days when you just can't listen to Wagner," he says. As Archbishop of Washington, B.C., for nearly seven years, he succeeded cut-and-slash Conservative Patrick Cardinal O'Boyle. Baum calmed tempers and tried to strike a balance between outraged church loyalists and Catholic University of America professors who regularly question papal pronouncements...