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House Budget Committee Chairman James Jones will unveil this week a bud get proposal that would slash spending $4 billion more than the Administration's plan, but with a very different set of priorities. Jones and the Democratic leadership would cut $4 billion out of planned defense spending and $1.5 billion out of energy outlays, for example, while restoring $7 billion of cuts that Reagan wants in such programs as Medicaid, food stamps and child nutrition. On the tax side, the Democrats reject Reagan's threeyear, across-the-board slash in income tax rates in favor...

Author: /time Magazine | Title: Business as Usual - Almost | 4/13/1981 | See Source »

This was Ronald Reagan's forecast of the reaction he will get to the economic program that he will unveil to a joint session of Congress and a national TV audience on Wednesday night. The President will announce sharp slashes in federal spending, as much as $50 billion in the next fiscal year, and deep reductions in taxes. He anticipated angry howls, but also the backing of a majority of Americans, who seem to agree that the Government must stop its spending spree. Said liberal Republican Senator John Chafee of Rhode Island: "We've run out of alternatives...

Author: /time Magazine | Title: The Unkindest Cuts of All | 2/23/1981 | See Source »

Schmidt did not formally unveil any new policy blueprint for the election, cautiously choosing to run mostly on his record. But he made clear that he wants the superpowers to stay out of the Iran-Iraq war, an early agreement between the U.S. and the U.S.S.R. on limiting medium-range nuclear weapons, more pressure on Israel to accept the P.L.O. in Middle East negotiations, and increased political and economic cooperation within the European Community. At home, he recognizes some cracks that need caulking: disaffection among youth, drug abuse, growing resentment of immigrant workers. But first of all, he has repeatedly...

Author: /time Magazine | Title: WEST GERMANY: The Politics of Success | 10/13/1980 | See Source »

...Deng's big show," said one Western diplomat on the eve of the congress. "He wants to unveil his team for the future, and he wants everybody there to see it happen." For Deng, indeed, the National People's Congress promised to be a climactic moment. Since late last year, the canny Vice Premier, who has survived numerous upheavals in and out of power for the past 30 years, has been bringing to the central government a team of tested provincial leaders, most of them in their early 60s. Deng's aim is to see power firmly...

Author: /time Magazine | Title: CHINA: Changing of the Guard | 9/8/1980 | See Source »

...Naval War College in Newport, R.I., this week, Secretary of Defense Harold Brown is to unveil officially the nuclear age's ultimate contingency plan. To some critics, it is a doomsday scenario, an outline for atomic war that could lead to the destruction of the human race. But to U.S. defense policymakers, Brown's speech represents an unavoidable rethinking of the unthinkable: bringing up to date U.S. strategic plans for deterring nuclear...

Author: /time Magazine | Title: Nation: Rethinking the Unthinkable | 8/25/1980 | See Source »

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