Business: Hit-List Sampler

Like tenacious barnacles, many questionable spending programs weigh down the federal budget. Successive Administrations have tried to zap the most outmoded and ineffective of these programs, only to have Congress restore them to please special-interest groups. But this year, the Office of Management and Budget thinks, the mood in the nation is strong enough to cut or eliminate the least useful of these projects.

The OMB'S hit list appeared in the proposed budget that was sent to Congress last week. A sampler:

Amtrak. Since its beginnings in 1971, the federally supported passenger rail system has been a money loser. Yet people in towns...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!