Word: budgetâ
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...other issues, Kennedy has blurred his positions or moved them toward the right. In January he endorsed Carter's proposed overall fiscal 1980 spending of $531 billion, with a deficit of about $29 billion. Kennedy urged, however, that $4 billion be cut from the defense budget???he did not say exactly what he would trim?and spent on domestic needs, such as health. But by the time the Senate voted on the budget, Kennedy had changed his mind about reducing Pentagon spending. Far from cutting the defense budget, he voted to increase it to $141.2 billion, $18.5 billion more than...
...substantial fear is that a higher defense budget would fuel inflation. Insisted Maine's Edmund Muskie in a mid-September Senate speech: "The enemy who has the capacity ... to devastate the economy?the defense budget, the Government's overall budget???is not the Soviet Union or any other enemy I can foresee...
...Such "entitlement programs" as Social Security. Medicare and federal pensions account for nearly two-thirds of the budget, and in HEW they claim 89c of every dollar. Social Security alone costs $104 billion. Unless the growth of benefits is slowed, the whole Social Security system?as well as the budget???will be in deep trouble. Says Alice Rivlin, director of the Congressional Budget Office: "If you're really concerned about the growth in Government, then you have to go after the uncontrollables." Adds Rudolph Penner, a former economist at OMB under Gerald Ford: "Cutting $30 million here or $100 million...
...about decided to buy a bigger, older house in Deerfield, Ill, for $71,000. Stephanie's parents will chip in part of the $14,000 down payment, and monthly payments for principal, interest and taxes alone will come to $560. Laments Stephanie: "Those payments are not most of our budget???they are all of our budget." To help swing the payments, Stephanie has gone back to work as a receptionist in a suburban art gallery, putting in four hours in the evening when her husband can tend their 18-month-old son. "Some women I work with are not planning...
...organized Washington operation is carried out by the American Israel Public Affairs Committee, the only group formally registered to lobby on behalf of legislation affecting Israel. Some 12,000 members throughout the nation last year contributed $400,000 to its budget???a sum substantially larger than the budgets of most major lobbying groups. That money supports AIPAC's savvy eleven-member staff (average salary: about $15,000). A separate budget of $200,000 pays for an informative newsletter, Near East Report, which is distributed to some 30,000 subscribers, including Congressmen and other policymakers. The staff was directed since...