Word: budgeted
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Dates: during 1980-1989
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Star Wars. Bush and several of his top advisers view with skepticism Reagan's expensive vision of a high-tech shield from enemy missiles. The 1990 budget agreement cuts funding for the program to $4.6 billion from Reagan's proposed $5.9 billion...
...Budget. Reagan relished sending Congress what one senior aide called "a go-to-hell budget" laden with domestic-spending cuts patently unacceptable to the Democrats. Bush declared at his Inauguration, "The American people didn't send us here to bicker." He drew up a less contentious proposal and, by managing to persuade congressional leaders to accept his overly optimistic economic assumptions, struck a deal by mid-April...
...goals as President Reagan, but like anyone, he has his own style." Bush also has a different hand to play. His party does not control either house of Congress. He was elected with no specific mandate. He lacks Reagan's gift for rallying public support via television, and the budget crunch leaves him few goodies to trade for political support. Says a senior Bush official who also served under Reagan: "This Administration can't afford ideological posturing...
...short term, the L.D.P. will be preoccupied with designating a new Prime Minister. Takeshita promised to resign when the Diet enacted a 1989 budget, now one month overdue. In a departing act of bravado, Takeshita defied the Diet's tradition of consensus to push the budget through the lower house without the participation of the opposition parties. They had refused to take part until former Prime Minister Yasuhiro Nakasone, in office when the most flagrant abuses occurred, testified about his role. The budget will probably become law in 30 days, and Takeshita will step down...
...overambitious borrowing provided an illusion of prosperity. But lately the money has begun to run out. Since last summer the Jordanian dinar has fallen 45% in value, while unemployment (now about 15%) and inflation (up to 30%) climbed steadily. In late March the government agreed on a budget-balancing plan with the International Monetary Fund aimed at paring the country's deficit and, ultimately, rescheduling Jordan's $6 billion foreign debt. But the government's austerity plan included increases of 10% to 50% in the price of gasoline, alcohol, cigarettes and mineral water, and two days after it was unveiled...