Word: budgeted
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Dates: during 1980-1989
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...budget deficit and the trade deficit are really aspects of the problem of too much consumption and not enough saving. As Harvard professor Benjamin Friedman points out in his forthcoming book Day of Reckoning, the share of national income raised in federal taxes is exactly what it was in 1979, but the share returning to individuals in the form of transfer payments (Social Security and so on) has gone up. The Government borrows the difference, thus replacing national savings with consumption. The 1980s' consumption boom, Friedman notes, has been financed in three ways: by this shift in the Government budget...
Anyone not running for office can come up with a shopping list of budget cuts and new revenue sources (yes, yes, taxes) to close the deficit gap. The leadership challenge is getting at least 51% of Americans to agree to any particular list. A recent Gallup Poll for the Times Mirror Co. offered 20 possible deficit-reduction measures. Only three got majority support. Interestingly, all three were tax hikes: on people earning over $80,000, on alcohol and on tobacco...
...campaign issue, the nation's huge budget deficit, the questioners were unable to pin the candidates down on just how they can reduce it and still acquire the military weapons and social programs they support. Dukakis repeated his unpersuasive solution of tougher tax enforcement. He stressed welfare reforms that would put more poor people to work as a way to cut spending and simultaneously bring in more tax revenue. Bush argued that "we've got to get the Democrats' Congress under control" to hold down spending...
...Midgetman missiles. "When we are negotiating with the Soviet Union, I'm not going to give away a couple of aces" beforehand, he asserted. Dukakis retorted that Bush was refusing to make the hard choices among different types of military spending that the nation's budget stringencies mandate. For example, he said, the MX missile system mounted on railroad cars was a weapon "we don't need and can't afford," and the Administration was planning to spend "billions" on a Star Wars system that few if any reputable scientists think can work...
...preside over strategy meetings designed to fine-tune that day's thematics. The longer-range questions at both meetings are similar: Where will the candidate go next? What will he say? What is the target group of voters? What do the polls say? Which states warrant a heavier advertising budget...