Word: slashings
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...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...
...skilled campaigner, managed to fool many last November, garnering votes from people of every class and background who should have known better. But Solidarity Day proves two things--many of those who were taken in have realized their folly, a realization aided by decisions like the current effort to slash the size of school lunches for poor children. And more, many of those people are now willing to do something concrete about their dissatisfaction...
...question seriously troubling defense-minded Congressmen. Some fear that the Administration will primarily reduce scheduled increases in the Operations and Maintenance account, which covers spare parts, ammunition and training. In contrast to slowdowns in weapons procurement, which take years to be reflected in actual outlays, an O. and M. slash would reduce Pentagon spending quickly, but also crimp efforts to solve what many defense specialists regard as the nation's worst military deficiency: the inability of many units to get ready to fight immediately...
Rather than slash the budget any further, some Democrats would prefer to roll back part of the tax cuts already passed. Colorado Democrat Gary Hart introduced a bill in the Senate last week that would postpone any personal tax cuts until the budget is balanced...
...presidential party seemed to be reflecting the exuberant mood of its boss. Still flying high from his pre-vacation triumphs in enacting his budget and tax cuts, a competitive Reagan seemed eager to take on all those who doubt that he can slash taxes, rebuild U.S. military might, check inflation, bring down interest rates and balance the federal budget by 1984. Stopping off in Chicago for a Republican Party fund-raising dinner, the President almost shouted as he promised to whack another $70 billion from federal spending in fiscal 1983 and 1984. "We are going to do it," he declared...