Word: slashings
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...Bush's ability to cure the deficit. Nor will the appointment, expected this week, of the author of Bush's flexible-freeze plan, Stanford economist Michael Boskin, to head the Council of Economic Advisers. If the next Administration will not support new taxes, even for the rich, it must slash into defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised to protect). As President, Bush will also face urgent new multibillion-dollar spending requirements to salvage...
...Kulases joined millions of angry fellow travelers earlier this month in a consumer revolt that could roar out of California like a muscle car. By a 51%-to-49% count, the voters approved Proposition 103, which will slash insurance rates to 20% below November 1987 levels. Good drivers will get yet another 20% off. Although the vote covered all types of property and casualty insurance, the auto-premium cuts were the heart of the measure. The most breathless of its proponents expect its impact to rival that of Proposition 13, the 1978 California initiative that set off a coast...
George Bush pocketed a labor endorsement yesterday and said his drive for the White House was "all about creating jobs and opportunity." Underdog Michael Dukakis retorted that Bush's plan to slash the capital gains tax was a treat for the rich "and a trick for the rest...
While Bennett became the vocal point man for the Reagan Administration as it attempted to slash student loan programs and shift the burden from grants to loans, Cavazos has publicly disagreed with such a policy and has said that he will "do everything I can to get the best funding possible for the Department of Education." He has also advocated an increase in Pell Grants to low-income students--a move that most experts view as vital to reducing defaults on federal loans...
Bentsen also pressed the hot populist buttons that ignite Democratic voters. He played on nationalist sentiments by criticizing the trade practices of foreign countries and by ominously warning of their taking over American businesses. He raised the specter that Republicans are out to slash Social Security -- never acknowledging that he, like Bush and Quayle, had voted for a freeze in cost of living increases. And dusting off a line he had used at the convention, Bentsen articulated the Democratic case against the apparent success of the U.S. economy: "You know, if you let me write $200 billion worth...