Word: budgeted
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Dates: during 1980-1989
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Rivlin, who teaches a K-School course this semester on the congressional budget, claims that the current budget deficit is a "major fiscal policy mistake." She says that deficits must be reduced by sometime in the 1990s, cautioning that reducing the deficit too fast could cause a recession...
...Rivlin is against a constitutional balanced budget amendment, an idea that has gained acceptance by many politicians. "You don't want to put government in a straightjacket," Rivlin says. "If you set a specific target, it's likely to be the wrong...
...true it's never good to have a deficit. Spending tends to go up when the economy goes down. If the Constitution required you to balance the budget, raising taxes or cutting spending would make matters worse," she says...
...budget brings together major issues in American life," she says. "It reflects the priorities of a majority." For example, she says, the 1980s has seen a shift of emphasis towards a higher priority for defense...
Rivlin's K-School course analyzes defense budgeting and taxation, as well as the process of creating the budget...