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Dates: during 1980-1989
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Although inspired by the Apollo feat, Bush's program differs sharply from John Kennedy's proposal in 1961. Kennedy's plan to put a man on the moon within the decade was well focused and lavishly financed. But Bush offered no price tag and no precise timetable for the "journey into tomorrow" that could cost hundreds of billions of dollars. Given the parlous state of NASA's meager funding and morale nowadays, that journey could abort before it takes off. Some congressional Democrats wonder where the money will come from. Warned House majority leader Richard Gephardt, in a critique...

Author: /time Magazine | Title: Space: No Free Launch | 7/31/1989 | See Source »

...Bush Administration is ready to test growing Soviet openness further. Last month Washington proposed a START verification package to be negotiated and partly carried out even before a treaty is completed. The initiative suggests measures to count warheads on missiles, tag weapons at manufacturing plants and ban such impediments to verification as encryption of missile test radio signals during launches. "This isn't putting the cart before the horse," says Democratic Senator Sam Nunn of Georgia, "but putting them next to each other, where they belong...

Author: /time Magazine | Title: Arms Control :An Exercise in Trust | 7/31/1989 | See Source »

...Force's estimate of the B-2's price tag, gargantuan as it is, may be far too low. In an exchange with Air Force Chief of Staff Larry Welch, House Armed Services Committee Chairman Les Aspin warned that Congress would never go along with the Air Force's plan to spend $8 billion annually -- more than twice the current SDI budget -- on the Stealth. At the more likely spending rate of $3 billion a year, said Aspin, the sticker price would soar to more than $1 billion for each plane...

Author: /time Magazine | Title: The Stealth Takes Wing | 7/31/1989 | See Source »

Many Republicans not only agree with Aspin but are leading the assault on the Stealth. Says the committee's ranking Republican member, William Dickinson of Alabama: "The B-2 program is in a lot of trouble, not for technical reasons but simply by price tag." Declares Ohio Congressman John Kasich: "Nobody's pushed harder for the ((Secretary of Defense Dick)) Cheney / defense budget than I, but America cannot afford the B-2." To South Carolina Republican Arthur Ravenel Jr., cancellation of the B-2 is inevitable, "just like death and taxes...

Author: /time Magazine | Title: The Stealth Takes Wing | 7/31/1989 | See Source »

Kemp spent much of the rest of the week back among his former colleagues on Capitol Hill, fielding tough questions from two House subcommittees probing the scandal. For the first time, he put a price tag on the loss to taxpayers from the fraud and mismanagement under former HUD Secretary Samuel Pierce: $2 billion. At least half of that appears to have been siphoned from a six-year- old program in which the Federal Housing Administration, an arm of HUD, shares the insurance of housing projects with private companies...

Author: /time Magazine | Title: Jack Be Nimble, Jack Be Quick | 7/24/1989 | See Source »

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