Demos Hope To Have New Cannon Fodder
Washington AP Dems expect returning lawmakers to challenge Reaganomics and the tax cut as they confront high interest rates and a weakened Social Security system. Sen Thomas Eagleton foresees a regrouping to articulate a fresh Democratic agenda while Sen Bob Dole seeks bipartisan Social Security reform amid looming political pressure. Eagleton, not on the Finance Committee, proposed dedicating 50 million from windfall oil taxes as a Social Security cushion, a plan labeled garbage by Dole. A Democratic Senate caucus could set the tone for upcoming strategy next week.
MENTIONED IN THIS ARTICLE
Bob Dole
R-Kan
Reagan
Senate Finance Committee
Dole
Daniel Patrick Moynihan
New York
Russell Long
Louisiana
Eagleton
Senate
Reagan Eyes Economic Review Before Spending Cuts
President Reagan seeks an overall economic assessment before deciding defense cuts, saying reductions can occur in all areas but will not derail military rebuilding. He plans talks with Stockman and Weidenbaum to gauge the economy and weighs options for 1983 and 1984. The administration considers cutting up to 30 billion, amid talks with Haig and Weinberger ahead of Begin’s visit.
MENTIONED IN THIS ARTICLE
Eagleton
Senate
Washington
Reagan
Pentagon
David A. Stockman
Murray Weidenbaum
Council of Economic Advisers
Alexander M. Haig
Caspar Weinberger
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