Word: trimmed
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...years, while Germany's Social Democratic Party has been frozen out of government since 1982. In Scandinavia, the long-ruling Social Democrats were ousted from power in the mid-1980s, but they have recently regained power in Denmark and Sweden, where their main task will be to trim back their own greatest achievement: the welfare state...
...during his 22 years as Congressman from Oakland, California. It was Dellums who consistently slashed away at Defense expenditures, voted to cut the number of B-2 bombers down to 20 when the Pentagon wanted 130, helped knock back the budget for the Strategic Defense Initiative and voted to trim U.S. military presence in Europe. His mantra: some of the billions spent on defense could be better spent elsewhere -- such as on the poor and the disadvantaged...
What is so troubling is that while companies do trim a bloated work force from time to time, many of the recent layoffs may not have been necessary. According to a new study by Wayne Cascio, a business professor at the University of Colorado, companies have too often assumed that if the competition was cutting costs by firing workers, then they had to follow suit. Compaq Computer, for example, announced last October that it was laying off 1,000 workers. Yet two weeks later, the company admitted that profits would double in 1992. Firms like General Electric and Campbell Soup...
...President's proposed plan would trim the deficit by $473 billion over the next five years through higher taxes and spending cuts. We can be sure that taxes will be raised, but why should we believe that spending will be cut? When taxes have been raised in the past, the Democratic Congress has just spent the money, ignoring the soaring deficit. Ross Perot colorfully captured the essence of the current phenomenon: "Giving Congress more money is like giving a friend who is trying to stop drinking a liquor store...
...deficit dodge might have been acceptable by itself. But it was accompanied by a number of other retreats and conversions, which revived the lingering impression of Clinton as a "pander bear" who would say anything to get elected. His aides backed away from a promise to trim the White House staff 25%; plans to present an economic blueprint on Jan. 21 were postponed six weeks. After condemning as "callous" the Bush policy of turning back boatloads of Haitians, including those with valid asylum claims, Clinton had to reverse himself when he found out that as many as 10,000 Haitians...