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...over the next three fiscal years. The $40 billion represents about the amount by which Social Security benefit payments are expected to exceed tax collections, but the resolution designedly gave no hint as to whether the savings would be accomplished by reducing future benefits, raising taxes, or whatever. Chairman Pete Domenici of New Mexico got the Budget Committee in the Republican-controlled Senate to approve the plan on a partisan 11-to-9 vote...

Author: /time Magazine | Title: Social Security: A Debt-Threatened Dream | 5/24/1982 | See Source »

...already delayed some takeoffs. Bill Rafter, a salesman from Fort Wayne, Ind., was on the last Braniff flight from Dallas to Kansas City. Said he: "We had waited four hours because of the weather delays, and then we find out that the airline is shutting down." One Dallas couple, Pete and Mary Ann Moxon, had built up enough promotional points by flying Braniff at odd hours to earn a nearly free trip to London. Now, with baby-sitting grandparents already in town from Delaware to free the couple, those plans had to be called...

Author: /time Magazine | Title: Bankruptcy at Braniff | 5/24/1982 | See Source »

...compromise, spearheaded by Pete Domenici of New Mexico, chairman of the Senate Budget Committee, calls for increasing tax revenues by $95 billion and cutting spending by $322 billion over the next three years. Growth in defense expenditures would be slashed by $22 billion. A freeze would be placed on discretionary programs, such as health and education, for a savings of $39 billion. Salaries for federal and military employees and cost of living increases in veterans' benefits and pensions would be frozen in 1983 and then allowed to grow at a rate no greater than 4% annually over the next...

Author: /time Magazine | Title: The Second Time Around | 5/17/1982 | See Source »

...Larson fanned six and walked none on route to picking up his fifth win, tops on the staff. Defensive Play of the Day goes to right fielder Dannic Allard, who in the sixth inning of the second game made a circus catch in the alley to rob Dartmouth's Pete Davery of a triple Shaken up on the play. Allard stayed in the game anyway. In the statistics department, team captam Chicarello tied the Harvard season record with 12 doubles in 1982. Catcher Vinnine Martelli had an RBI in the nightcap to give him 36 for the year, four short...

Author: By Marco L. Qucazzo, | Title: Baseball Takes Two From Dartmouth Ends Year Tied For Third in EIBL | 5/17/1982 | See Source »

...Crimson had only frustrations for a good part of yesterday's doubleheader. In the opening game, the Harvard batters could manage only four hits off herky-jerky right-hander Pete Ballerini (3-4). For seven innings Ballerini and his hesitation motion did pirouettes around the Harvard bats, allowing just one Crimson runner as far as third base--on Bruce Weller's two-out triple in the third...

Author: By Michael Bass, | Title: Crimson Nine Splits GBL Twin-Bill With Jumbos | 5/12/1982 | See Source »

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