Word: budgeted
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Dates: during 1980-1989
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According to Irving, Bush's pledges to keep defense spending at the inflation rate and not to cut Social Security leaves only $28 billion in spending increases for all other programs in the 1992 budget. Moreover, Irving says, Medicare--left untouched--will cost an additional $65 billion in that year. Unless Medicare or other programs are drastically cut, she says, the budget will continue to operate...
...that Bush and the Democratically-controlled Congress will be able to reach a compromise measure for deficit reduction, even if it is a politically unpopular tax increase. Congressional leaders like Gradison, the ranking Republican on the House Appropriations Committee, note that Congress is as committed to a balanced budget as the president...
...members of Congress are cyncial about Bush's expected proposal, they say they are optimistic about Bush's advisers. Director of the Office of Management and Budget Richard G. Darman '64, for one, is well-respected on Capitol Hill, according to Wirth...
...only economic proposal coming out of the White House was met with widespread protest. Bush's suggested fee on savings accounts to help bail out the troubled Savings and Loan industry, drew fire from congressional leaders like Wirth, who serves on the Banking and Budget Committee...
...most observers are waiting for February 9, when Bush will unveil his budget plan, before passing final judgement. In the end, experts say Bush, like Reagan before him, will be measured by his ability to reduce the deficit and avoid a recession. Lacking a clear mandate for other policies, the Bush legacy may hinge solely on the balance sheet for 1989 through...