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...that are mandated by law. Such "entitlement programs" as Social Security. Medicare and federal pensions account for nearly two-thirds of the budget, and in HEW they claim 89c of every dollar. Social Security alone costs $104 billion. Unless the growth of benefits is slowed, the whole Social Security system???as well as the budget?will be in deep trouble. Says Alice Rivlin, director of the Congressional Budget Office: "If you're really concerned about the growth in Government, then you have to go after the uncontrollables." Adds Rudolph Penner, a former economist at OMB under Gerald Ford: "Cutting...

Author: /time Magazine | Title: Business: Budget Bashing at the OMB | 12/25/1978 | See Source »

Partly because of inexperience in dealing with Congress, Carter and his aides were handed some sharp rebukes. The President's backing of public financing of congressional campaigns was given short shrift by legislators who were elected under the present system???and like it just fine. His effort to pay off a campaign promise to maritime unions by fixing the percentage of imported oil that must be carried in U.S. ships was scuttled. Congress bowed to all-out oil industry lobbying and killed a plan to emphasize environmental considerations in offshore oil leases. Carter wanted to shelve 23 major water projects...

Author: /time Magazine | Title: The Nation: Congress: Showdown Ahead | 11/7/1977 | See Source »

WELFARE. Both Ford and Carter favor reforming the haphazard, unfair and inefficient welfare system. The President proposes mainly procedural changes to tighten up the rickety structure. Jimmy Carter would revamp the whole system???taking the burden away from the cities (New York City alone last year paid out $700 million) and giving it entirely to the federal and state governments...

Author: /time Magazine | Title: THE ELECTION: CAMPAIGN KICKOFF | 9/13/1976 | See Source »

...both wealth and liberty. Despite its transitory woes and weaknesses, capitalism in the foreseeable future will not only survive but also stands to prosper and spread. Perhaps the most balanced judgment of Adam Smith's wondrous system is Winston Churchill's famous conclusion about democracy: It is the worst system???except for all those other systems that have been tried and failed...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

...then, in an age full of descriptions of good and bad trips, should Cas-taneda's sensations be of any more interest than anyone else's? First, because they were apparently conducted within a system???albeit one he did not understand at the time?imposed with priestly and rigorous discipline by his Indian guide. Secondly, because Castaneda kept voluminous and extraordinarily vivid notes. A sample description of the effects of peyote: "In a matter of instants a tunnel formed around me, very low and narrow, hard and strangely cold. It felt to the touch like a wall...

Author: /time Magazine | Title: Don Juan and the Sorcerer's Apprentice | 3/5/1973 | See Source »

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