Word: trimming
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...runaway cost of health care has played havoc with the federal budget, which has seen outlays for federally financed medical coverage under the Medicare and Medicaid programs rise from $26 billion in 1976 to $56 billion in 1981. In a desperate effort to slash expenditures and trim a projected overall budget deficit of at least $103.9 billion for the fiscal year that begins in October, Congress agreed to slice $15.2 billion off projected spending of $270 billion for the programs over the next three years...
...will Congress then deliver on its pledge to help trim the budget deficit? "Beats me," shrugs Colorado Republican William Armstrong, a member of the Senate Finance Committee. "It's painful work. It's kind of like walking over coals barefoot." Adds Texas Democrat Kent Hance of the House Ways and Means Committee: "No way. Coming in on target is just not going to happen...
...lightning reflexes. These planes move with the blasting power of a Star Wars spaceship, and it is fun to see the future zinging and skittering through our own airspace. Eastwood's laconic professionalism plays off amusingly against the high-tech complexity of his flying machine. And its cruelly trim design plays off handsomely against the bleak beauty of the arctic cloudscapes, icescapes and oceanscapes, where a refueling rendezvous with a submarine must be kept if a final, final escape is to be made. In these concluding passages, John Dykstra's special effects help to turn Firefox into...
...controversial property tax-cutting measure would have required city officials to trim the budget by $10.2 million to make up for tax revenue lost in the fiscal year that will begin July 1. But city voters passed a referendum in April overriding the Prop 21/2 mandate and allowing the city to maintain its current total tax levy of $67.9 million...
...summit, West German Chancellor Helmut Schmidt told Reagan that "the real impediment to productive investment is high interest rates," and Canadian Prime Minister Pierre Trudeau asked: "How long can we wait until inter est rates come down?" Reagan replied that he was trying to reduce rates by trim ming deficits and even claimed that a balanced U.S. budget is "in sight." When? Treasury Secretary Regan later answered wryly: "President Reagan is a man of long vision...