Word: budgeted
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Dates: during 1980-1989
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...Democratic candidate for President during the dark days of 1932 had few firm economic ideas. Buffeted by conflicting advice, he lamely tried to split the difference. His speeches were a study in contradiction, combining hints of bold spending programs with cries for a balanced budget. If Franklin Roosevelt's approach was inconsistent, even intellectually dishonest, it helped produce a landslide victory over Herbert Hoover and ultimately the New Deal...
Bush's refusal to consider new taxes is accompanied by support for a balanced-budget amendment, proposals for increased federal aid to education, and a refusal to specify where deep cuts could be made. Taken together, these positions are incoherent. Bush's only independent proposal is a plan to cut the top capital-gain levy from 28% to 15%. Supposedly that would eventually . spur investments, but it would probably reduce Government revenues initially, according to the Treasury Department. More broadly, Bush has not answered the most basic questions about his own economic philosophy. Until he became an acolyte of "voodoo...
...economic trouble, complex and long in the making, resists rhetoric and simple -- or even difficult -- solutions. The air last week was thick with contradictions, with speculative shadows and smoke. Were the nation's huge trade and budget deficits really the problem? The point was expertly argued both ways. Would raising taxes now help the economy or send the economy into a recession? Reagan was expected to lower the budget deficit, soothe the markets, bring down interest rates and keep the dollar steady. At the same time, he must be careful not to discourage consumer spending and capital investment. Reagan, believer...
Congressmen rail against the Pentagon budget in the morning, and then in the afternoon make it clear that the military base in their district must not be closed. Leadership at that level finds it hard to decide between the general abstract and the personal local...
...shown a knack for staying above the fray. As a professor at Harvard Law School from 1975 to 1983, a time when ferocious political debate polarized the faculty, he made no enemies in either the liberal or the conservative camp. At the White House Office of Management and Budget in 1984 and 1985, Ginsburg grappled with an array of aggressive interest groups and lobbyists over environmental regulations and rules concerning safety in the workplace; yet he won high marks from both Republicans and Democrats on Capitol Hill for his adept handling of the job. "He can walk through land mines...