Word: budgeted
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Dates: during 1980-1989
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...seen, first as an effective inside player and outside spokesman. With encouragement from Bush and White House chief of staff John Sununu, Quayle became a voluble participant in strategy sessions. He lined up with Sununu and Defense Secretary Dick Cheney, for instance, to support a relatively high budget for the Strategic Defense Initiative. Then it was Quayle who laid out in a major speech the Administration's line...
...bailout with 30-year bonds issued by a new Government agency, the Resolution Trust Corporation, which will handle the sale of the assets of the 500 insolvent thrifts. Since the bonds will be sold by the RTC rather than the Treasury, Bush hoped they would be classified "off budget," meaning they would not be counted as part of the federal deficit. But by carrying that designation, they would have paid a higher interest rate than Government bonds. That extra interest expense would increase the overall cost of the bailout plan by an estimated $5 billion. The House refused...
...this Administration. The group met repeatedly with environmentalists, industrialists and key lawmakers but gave them no hint of what its members were thinking. The President's advisers then fought it out among themselves at six meetings of the Domestic Policy Council. EPA administrator William Reilly pressed for stringent measures; budget boss Richard Darman argued that the cost did not justify the health and environmental benefits. Bush attended three of those meetings and called environmentalists and industrialists into the White House to present their cases directly to him. Finally, White House chief of staff John Sununu took three 30-page single...
...Reagan's HUD Secretary. Though Pierce was the only black to serve in Reagan's Cabinet -- and its only member to remain in office throughout both Reagan terms -- the former President once greeted him as "Mr. Mayor" at a conference of mayors. Under Pierce's feckless leadership, HUD's budget was pared 70% (it stands at $14.9 billion for 1989). Little was done to halt a decline in the nation's inventory of low- income housing, from which 4.5 million units have disappeared since 1973. Critics charge that programs were dismantled, talented staffers were fired and unqualified managers were promoted...
...could such a scandal remain uncovered for so long? The answer lies partly in the fact that no one was looking. During the Reagan years, Congress was more interested in blocking budget cutbacks than in examining how Pierce ran his department. Since housing was an unglamorous beat, few journalists paused to investigate what was going on under Silent...