Word: budgeted
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Dates: during 1980-1989
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...Blueprint 2000 project will take over many of the functions of the State Planning and Development Committee, which folded several years ago because of budget cuts...
Murphy's press secretary Carrie Kimball, said the state, with its $11 billion budget, resembles a corporation in some ways. "If you took Massachusetts and turned it into a private corporation it would be in the top 10 Fortune 500 companies," Kimball said. Such a large enterprise, she said, "must have a strategic planning office designated to map the future of the state...
...agricultural supports. Too much of the price-support budget goes to the wealthiest farmers. During 1985, when $23.7 billion was distributed, only one- third of U.S. farms collected price supports; almost 70% of those payments went to farmers with annual sales of $100,000 or more. Former Delaware Governor Pete du Pont, a Republican presidential contender, proposes to wean farmers from income subsidies over five years, thus producing a $5 billion savings the first year and $75 billion in total. Agrees Harvard Economist Robert Reich: "The benefit of such aid is not as great as the social costs in failing...
Trim defense spending. Since no one thinks that America's 2.1 million soldiers and sailors are overpaid, scrutiny should be focused on the 50% of the nearly $300 billion defense budget that goes for hardware, operations and maintenance. What deserves even more attention than the notorious price gouging by defense contractors on spare parts (one toilet seat: $750) is the wasteful proliferation of large-scale weapons systems. A raft of new, expensive hardware is coming out of research, ready to go into production. One package of eight strategic systems (total cost: at least $250 billion) includes the Stealth bomber...
Control entitlements. Federal entitlement payments that are dished out to citizens regardless of their financial need rose from $200 billion in 1979 to $400 billion in 1986, observes former Commerce Secretary Peter Peterson. Like many budget critics, Peterson advocates a so-called means test to make sure that such benefits as Social Security and Medicare go only to those who really need them. The number of senior citizens, for example, has grown significantly in recent years, but the group's poverty rate is edging downward (from 13.9% in 1978 to 12.4% last year). One type of means test would...