Word: bert
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...rebuild inventories, and that will require more production. Treasury Secretary Michael Blumenthal added, "There is every indication we will be reaching our unemployment target of less than 7% before the end of the year [The rate was 7.3% in March]. Pulling out the rebate does not leave a gap." Bert Lance, director of the Office of Management and Budget, warned: "I do not think current cir cumstances call for any attempt to make up for the current [spending] shortfall through crash attempts to spend more money...
...whole package is too inflationary. Treasury Secretary W. Michael Blumenthal, Council of Economic Advisers Chairman Charles Schultze and Budget Director Bert Lance feared that taxes on gasoline and big cars, as well as provisions to force industry to install more efficient heating equipment and to switch from gas or oil to coal, would add dangerously to prices. Walter Heller, a member of the TIME Board of Economists, believes there should be measures to neutralize the program's inflationary effects, like cutting payroll taxes for employers...
Below the group of seven-and, of course, Vice President Walter Mondale, National Security Adviser Zbigniew Brzezinski, James Schlesinger and Budget Chief Bert Lance-is the "junior varsity." These are the dozen or so lesser aides who keep the White House whirring and the senior seven free to concentrate on their own functions...
...into tight pants, as it passes out the door. "Cutest little bottom in the office, right, Christina?" says L.W. to one of her underlings as sexy Secretary Dan (Gary Sandy) leaves the board room. Christina, as L.W. seems to know, is making it with Dan. Christina's househusband Bert (Chuck McCann), meantime, frets at home, taking care of the kids, gaining weight -and wondering why Christina no longer shows any interest...
Inauguration, Budget Chief Bert Lance suggested to U.S. Steel Chairman Edgar Speer that the company's proposed price increase for tin-mill products was too high; Speer trimmed it to 4.8%. At week's end, officials of the United Steelworkers Union approved a new three-year contract that provides for an 800-an-hour increase over the life of the agreement. It also makes a modest start toward guaranteeing steelworkers lifetime job security. Union and company spokesmen disagreed on whether the contract, which needs rank-and-file approval, was inflationary...