Word: trim
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...comprehensive GATT agreement, expected to boost global commerce substantially, U.S. and European negotiators need to settle their long-running dispute over agricultural subsidies. The U.S. has demanded that European governments trim their healthy price supports, although they have shrunk already under a recent reform package. The E.C. has agreed, but the two sides cannot come to terms on the details...
...helped lay the groundwork. We certainly don't need to "pay off the debt," as Perot keeps saying. It's no more unhealthy for the U.S. to have debt than for a family to have a mortgage or a business to have bank loans. But we do have to trim the deficit soon, so the debt begins growing slower than the economy as a whole, rather than faster. And we do have to direct the deficit away from consumption toward investment...
Clinton also has some accounting to do on how he would pay for his programs. Most of it, he says, would come from defense cuts. Some would come from raising the top rate on income-earners who make $200,000 or more. Some would come from a plan to trim (by attrition) federal employment rolls. Some random "waste" would be found and slashed. It doesn...
Some say this won't happen. The case for Bush seems to be that he would have nothing to lose as a lame duck by making the hard budget and tax decisions to get the deficit down. But remember that Bush wants to trim the budget so he can afford to cut taxes, not the deficit--he and Clinton agree that the deficit isn't the biggest problem in America...
...government positions that their service is barely valued; it could cause the quick resignation of the very employees the government most needs, since many are eligible for retirement right now and their pensions would be adversely affected if they stayed; and it would do almost nothing to trim the deficit. If passed by Congress, Bush's plan would cut the pay of 45,914 federal workers. The President could also unilaterally trim the salaries of 8,188 Senior Executive Service employees. The net savings would be about $270 million, a figure the President could easily cover if he expanded what...