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...claims would lead to the first budget surplus since 1969, aims to bring to an end decades of federal deficits by wrenching an unprecedented $1.4 trillion in savings from budgets over the next seven years.Medicare and Medicaid would take the biggest hitsand hundreds of other federal programs would vanish. But majority House members -- unlike senators, who today began debating their $961 billion measure -- would try toease the painwith $350 billion in tax breaks for families, corporations and investors. Said the plan's chief architect,House Budget Committee Chairman John Kasich(R-Ohio): "The 21st century is about the power...

Author: /time Magazine | Title: HOUSE EMBRACES KASICH BUDGET | 5/18/1995 | See Source »

...outraged Henry David Thoreau wrote, "How does it become a man to behave toward this American government today? I answered that he cannot without disgrace be associated with it." Angry rhetoric is not new. But neither is America's balm for it. Thoreau would vanish into the woods of Walden to deal quietly with despair. And in the moments of silence Americans devote to contemplating the probable causes of the horrors of Oklahoma, another venerable piece of Thoreau's advice should resurface: "It is characteristic of wisdom not to do desperate things." --Reported by Sam Allis/Boston and Nina Burleigh, James...

Author: /time Magazine | Title: A MOMENT OF SILENCE | 5/8/1995 | See Source »

...eddies of faith and reason, such stories pose a particular challenge. In many churches, the clergy distrust the miraculous for the very reasons that Jesus did. The preacher who affirms that miracles can indeed happen must also be prepared to explain why they do not. Why do some cancers vanish while others consume? Why do people starve if five loaves could feed 5,000? "Miracles can be like crack; you never quite get enough of them," says Clarence Hardy, minister at the Convent Baptist Church in West Harlem, New York City. "The real test of faith is when there aren...

Author: /time Magazine | Title: THE MESSAGE OF MIRACLES | 4/10/1995 | See Source »

...what amounted to a bit of a free ride whenever they stepped onto a plane. They relied on travel agents to find them the best fares on the most convenient flights and to book hotel rooms and rental cars-all without charge. But these complimentary services are likely to vanish now that the major airlines have targeted their obsessive cost cutting at travel agents and demanded that they slash the commissions they charge the carriers for distributing tickets. Agencies across the country are determined not to get squeezed, and so passengers will...

Author: /time Magazine | Title: COFFEE, TEA AND FEES | 2/27/1995 | See Source »

...most difficult alternative to evaluate is extinction. Panhandlers could vanish entirely if no means exists for their sustenance. Many social planners would doubtlessly rush to embrace this possibility. Without cash and without a way to easily transfer material goods, beggars would have no good reason to persist in their appeals in the streets. Passers-by could only offer sympathy ("Brother, can you spare a smile...), or perhaps a hot-dog purchased electronically from a nearby vendor. The newspapers sold by homeless people would probably have sufficient capital to sell electronically through some central sidewalk sites, but even that form...

Author: By Daniel Altman, | Title: Begging in the Age of Credit | 2/21/1995 | See Source »

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