Word: trims
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...fiscal 1984 budget, to be submitted in January. Said one top aide: "He will submit a budget completely consistent with his program and philosophy, and it will probably get shot down pretty quickly." Reagan appears still adamant on the two key budget issues: not raising new taxes and not trim ming the increase in defense outlays. But in his Saturday radio broadcast, he did emphasize: "Jobs must be our most urgent priority...
...spending in an election year. The results are just now emerging, and the economic blight is still spreading. Says Steven Gold, an analyst at the National Conference of State Legislatures: "My guess is that by the end of this fiscal year, as many as 40 states will have to trim spending or raise taxes...
...racy new Rabbit model called the GTI that is designed to put some hop back into the elderly car line. Mixing its animal metaphors, Volkswagen describes the GTI as "a wolf in sheep's clothing." In fact, it is a slickly styled jack rabbit, with new trim and a bigger engine, that is designed to be driven like a sports...
...demonstrated by last week's economic news, a maddeningly familiar mixture of plus and minus signs. The pluses: lower interest rates, higher housing starts, more stock-market exuberance. Big minus: very sluggish production. The Congress to be chosen next week will have to decide how to trim gargantuan budget deficits that threaten to choke off the recovery whenever it does come...
...unified coalition among Sweden's fractious non-Socialist parties. Confronted with an inflation rate of 8.5% and a budget deficit of $12.8 billion (about 12% of the country's gross national product, in contrast to the U.S. deficit of about 4%), Fälldin tried to trim social-welfare spending. He cut back on such popular measures as pensions, sick pay and subsidies for rent and food. The subsequent outcry virtually ensured last week's election to the Social Democrats...