Word: budgeted
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Dates: during 1980-1989
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...authorities had closed down in 1980 for a $9 million refurbishing. Somehow they managed to spend $12 million on preliminary maneuvering without anything whatever to show for it. Looking down at the mess from his skyscraper windows, Trump was displeased. Offering to do the job himself on the original budget within three months, he completed it for $750,000 less -- and now operates the rink at an annual profit of $500,000 (for charity). When authorities tried to honor him by planting a delicate Japanese pine in his name, though, Trump balked. "He went wild because he felt the tree...
Like all those that preceded it, the final budget that President Reagan will unveil this week asks Congress for more spending than revenue. Reagan will nevertheless hail it as a blow against government profligacy, and in the looking-glass world of federal budgetmaking, he will have a point...
...cuts. Says a senior Bush transition official: "Cutting people's pet programs is a terribly negative way to start your Administration. We plan to postpone that as long as possible and let Congress clean up its own mess." Democratic leaders of Congress retort that Bush promised to balance the budget without new taxes or restraint on Social Security. Says Senate Democratic leader George Mitchell: "It is protocol, it is tradition, and it is correct for the President to set forth his budget goals first and for the Congress...
Bush promised last week to reveal ideas for reducing the deficit at a special joint session of Congress shortly after his Inauguration. He has also asked House and Senate leaders to join him in early budget talks. Bush's designated budget director, Richard Darman, has discussed with Republican leaders the idea of dividing the budget into five to 20 categories, such as "national security" and "health care," and putting an overall spending limit on each. Added together, the reductions would slice the deficit to $100 billion. It would be up to Congress to fill in the blanks by deciding which...
...Republican insider, "let Bush stake out the high ground on the deficit issue," and at low political cost. The new President could claim to have fulfilled his campaign pledge to meet the deficit-cutting targets without new taxes, but avoid the need to identify specific programs for the budget ax. That is precisely why key Democrats like Mitchell and House Budget Committee Chairman Leon Panetta dismiss the vague outline as a political ploy. Last week even some Republican officials urged Darman and Bush to go a half-step further and list "broad proposals" to reform Medicare and farm subsidies...