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...reluctant to support higher deficits or place their faith in the Reaganites' theory of supply-side economics. Should no compromise be reached, the Democrats could simply allow a straight up-or-down vote on Kemp-Roth, a roll call that the Administration would probably lose. Speaker Tip O'Neill and other liberal Democrats said that putting the Republicans on the spot with Kemp-Roth might be better than talking compromise. But Rostenkowski was well aware of the President's popularity and the possibility that some conservative Democrats might break party ranks. He and Majority Leader Jim Wright...

Author: /time Magazine | Title: A Less Than Perfect 10-10-10 | 6/1/1981 | See Source »

...most sacred of all cows: Social Security benefits. The plan not only ignited protests from senior citizens' groups around the nation, but finally gave the badly bruised Democrats in Congress a battle they could enthusiastically join-and perhaps stand a good chance of winning. Proclaimed House Speaker Tip O'Neill: "I will be fighting this every inch of the way, and I hope that will be the position of every member of my party...

Author: /time Magazine | Title: A Slash at Social Security | 5/25/1981 | See Source »

...green salad, gigot d'agneau, Cabernet Sauvignon and chocolate charlotte) runs $40. More modest pocketbooks can find such café fare as a small quiche or an omelet at $2, a chef's salad at $3.55. A 14-block rush-hour cab ride comes to $2.25, sans tip...

Author: /time Magazine | Title: Living: In Europe, the Dollar Talks | 5/25/1981 | See Source »

These actions may have been a tentative-and no doubt reluctant-tip of the hat in the direction of a group of vocal Wall Street critics who have been arguing all spring that inflationary pressures were still strong and were likely to intensify as a result of Reagan's combination of large tax cuts and hefty boosts in defense spending. The most prominent of these skeptics are a pair of bad news bears: Henry Kaufman, 53, chief economist for the investment banking house of Salomon Bros., and Albert M. Wojnilower (pronounced Wodge-nee-lauer), 51, who holds the same...

Author: /time Magazine | Title: Those Bad News Bears | 5/25/1981 | See Source »

That same day, their station wagon was found abandoned and gutted. Weeks later, the police received a tip a rushed to the scene. Three bullet-ridden bodies were recovered. The activists became martyrs...

Author: By Paul Jefferson, | Title: Voting Rights, Found and Lost? | 5/22/1981 | See Source »

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