Word: budget
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Dates: during 1980-1989
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While the Government is striving to improve statistical accuracy, the effort has been repeatedly undermined by budget constraints. Federal funding for the compiling of statistics has fallen from $1.7 billion in 1980 to $1.6 billion in 1987, even though the cost of gathering data has gone up. The Administration wants more money for the job, but as Congress struggles to shrink the budget deficit by cutting spending, the chances seem slim that something as unglamorous as statistics will survive...
Iacocca professes no interest in running for President, and he makes prescriptions that would terrify most politicians. To ease the budget deficits, he calls for higher taxes. On the trade gap with Japan, he recommends the U.S. simply demand that the Japanese reduce the imbalance by, say, 20% a year. Says he: "Take my word for it, the Japanese like to work toward objectives. It's time we gave them one." Iacocca calls for gun control, advocates drastic reductions in federal farm subsidies and backs a mandatory draft for all young men and women (with a public service option...
Many economists dislike earmarked taxes because they make public budgets less responsive as funding needs change. Another pitfall vexes Steven Gold, a tax expert at Denver's National Conference of State Legislatures: "Voters are sometimes misled when they support earmarking, because new revenue sometimes just offsets money the state was already spending." Nearly $500 million annual earnings from California's lottery are designated for public schools. Yet the schools' share of the state's budget has fallen by $443 million. That general-fund money not spent on schools is available for politicians to spend (or squander) on larger staffs, salaries...
...through college and law school and into local politics. Elected to the state assembly in 1964, he became known as a radical who applauded the Watts riots and demanded more state spending for the poor. But he also developed a reputation for mastery of legislative rules and budget arcana. Brown sometimes crossed the legendary speaker Jess Unruh, who nonetheless knew talent when he saw it. After an early speech by Brown, Unruh muttered, "It's a good thing you aren't white." Why? Brown asked. "Because you'd own the place," Unruh replied...
...When Carlucci replaced the ultra-hard-liner Caspar Weinberger last November, he ushered in a welcome collegiality between the Defense and State departments. On Capitol Hill, he is now probably the single most respected official of the Executive Branch; unlike Weinberger, he seems willing to make prudent compromises with budget-minded Senators as well as with the Soviets. Crowe too has impressed the State Department, even as he has balked at its proposed formulas for finessing the SLCM issue...