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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 20, 1982
Page
4
The Pentagon raised the estimated total cost of 44 major weapons programs by 114.5 billion to 454.8 billion as of December 31. Officials cited larger production quantities and higher inflation projections, noting the rise reflects budgeting under the Reagan administration and includes a revived B 1 bomber and two large nuclear powered carriers.
Washington AP report notes Senate Republicans weighing a 5 percent pay cut for Congress and top federal workers to dramatize deficit cuts. Discussions also consider reducing cost-of-living increases for Social Security by two thirds. House and Senate leaders discussed the same option at a GOP meeting.
Reagan administration collects revenue faster than expected raising possibility that fiscal 1982 deficit could be 20 to 30 billion lower than estimated. Forecast is 98.6 billion, while some forecasters expect 105 billion or more. If true, rates may fall aiding recovery and tax intake. The revenue gains could influence Congress on further spending cuts.
Washington AP Managers and top officials at U.S. nuclear plants need more safety training, the Institute of Nuclear Power Operations told the Nuclear Regulatory Commission. They urge standardization and higher readiness for emergency actions, citing Three Mile Island lessons. The group also notes plants are overly complex with frequent design and rule changes.
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