Word: boskin
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Dates: during 1980-1989
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...Economist Michael Boskin, 43, of Stanford University, who proposed Bush's "flexible freeze" approach to cutting the federal budget deficit, was picked to chair the Council of Economic Advisers...
Bush also named Michael Boskin, a Stanford University professor of economic and a campaign adviser, to head the Council of Economic Advisers...
...Sununu's reputation as a fierce opponent of new taxes will not reassure the financial markets about Bush's ability to cure the deficit. Nor will the appointment, expected this week, of the author of Bush's flexible-freeze plan, Stanford economist Michael Boskin, to head the Council of Economic Advisers. If the next Administration will not support new taxes, even for the rich, it must slash into defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised...
...Boskin helped inspire Bush's idea of a "flexibile freeze" in government spending to wipe out budget deficits now running at $155 billion a year. An authority on the Social Security system, Boskin argued in a recent book titled "Too Many Promises" that the program should be overhauled to separate its welfare and pension functions...
...Boskin proposed a two-tier system, with a flat monthly payment aimed at helping people stay out of poverty and the upper tier tied strictly to how much people paid into the system...