Word: budgeted
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Dates: during 1980-1989
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Both James Baker and Howard Baker prod Reagan in a series of White House meetings to work toward a market-calming budget compromise. They prep him for his critical 8 p.m. press conference. The President is advised to walk a delicate line: exude confidence about the economy without sounding like Herbert Hoover...
Ronald Reagan's first Secretary of Education Terrel H. Bell resigned in 1984, weary of fighting with White House aides over his budget. In The Thirteenth Man: A Reagan Cabinet Memoir, to be published next year by the Free Press, Bell blasts unidentified "mid-level right-wing staffers at the White House" for a more disturbing characteristic: a proclivity for "sick humor and racist cliches." Examples: references to the late Martin Luther King Jr. as "Martin Lucifer Coon" and comments during discussions about the Middle East that Arabs were "sand niggers...
...think we can with the right policies. And we're pursuing the right policies in the United States by moving to negotiate a budget-deficit- reduction package with the Congress and by adopting an easier monetary policy stance. But it's important that monetary authorities around the world recognize that there's been a large loss of wealth and that consideration should be given to an easing of monetary policy...
...need for budget compromise...
When asked about remedies for the U.S. budget deficits and trade imbalance, Americans leaned toward protectionism but would not like a tax increase...