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...difference between various military-spending proposals and came up with a figure of 7% real growth in the Pentagon budget. Stockman paid little attention to the base figure on which the Pentagon proposed to calculate that 7%. When he saw the actual numbers pointing to military spending of $1.46 trillion over the next five years, Stockman writes, he "nearly had a heart attack." Later the OMB boss came to the gloomy conclusion that even the most severe cuts in nonmilitary spending would fall $44 billion short of balancing the budget by 1984 (the actual gap, of course, turned...
While that ruling was being appealed, A.G.S. was proceeding on its own. Late in 1984 it applied to the EPA for a permit to test Frostban on a strawberry patch in Monterey County, Calif.; last November the agency granted A.G.S. permission to spray some 8 trillion altered bacteria onto the field. But unknown to the EPA, the financially struggling company had already conducted outdoor tests of Frostban...
...credit will hardly solve the ongoing crisis. Latin American nations remain saddled with a total of $360 bil- lion in foreign loans, and the World Bank estimates that total Third World debt will pass the $1 trillion mark by year...
...answer from a man moving fleets and armies, contemplating settlements on the planet Mars, spending a trillion dollars a year. Yet therein may lie an overlooked clue about his leadership. He has never taken power for granted. Never shown arrogance in his position, never preened personally in public, always acted--whether he was right or clearly wrong--in the name of the American people. Reagan does not remove his coat in the Oval Office out of deference to the nation's tradition...
...style road shows in five states, including California and Florida. On a recent trip to Dallas, Senator Sam Nunn of Georgia and Congressman Les Aspin of Wisconsin, leaders of the military-reform movement on Capitol Hill, told some 200 local Democratic spear carriers that while the Reagan Administration's trillion-dollar military buildup had created a "museum of weapons systems," the U.S. still lacks a sound and coherent defense strategy. Doves they are not, however. Said Nunn: "We need to make sure that the public understands that the Democratic Party stands for a strong position on national security...