Word: budgeted
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Dates: during 1980-1989
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...reduction bill. Concessions to assorted special interests, necessary to overcome the Democrats' competing proposal, were becoming prohibitively expensive. Instead he pressed ahead, matching the Democratic version in what amounted to a bidding war, betting that the damage could be repaired the same year with a second budget resolution. Now he concedes error; no comprehensive fix was made in 1981 or later. Yet Darman insists his course was correct because "it was important at the time to preserve the power of the presidency." The same imperative guides Darman today as he serves Bush under more difficult circumstances...
...Heavyhands, the weights Dukakis uses in speed-walking. In the critique sessions afterward, Ailes says, "Darman was great: warm, funny and very sharp." Bush agreed. Despite his earlier doubts about Darman's team spirit, the President-elect told his transition team to forget about a list of prospects for Budget Director; he knew who would serve him best. Darman was delighted. Now he can put off a new version of his book for what he hopes will be many years...
...time when we require everyone, by law, to have it? Imagine the added cost if we had to sell Social Security insurance one policy at a time. Or if we outlawed the sale of group health insurance. Or if we required everyone to contribute to the defense budget -- as in effect we do -- and then created a special sales force to sign everybody...
Congress is taking a cue from such state and local initiatives as it begins to consider new ways of promoting home ownership. After years of battling the Reagan Administration's wrecking-ball approach, which leveled housing funds from 7.5% of the federal budget in the late 1970s to 1.5% last year, many legislators now want the Government to aid first-time buyers actively. One bill, sponsored by Henry Gonzalez, chairman of the House Banking Committee, would create a $6 billion fund to make low-interest mortgage loans to first- timers who earn up to 115% of the median income...
With the Federal Government straining under the budget deficit, it is unlikely that the U.S. can afford to continue spending $382 million to provide welfare and medical care for refugees, some 75,000 of whom arrived last year. Some experts believe the burden of caring for new residents could become so heavy that slamming the door on the huddled masses seeking a better life in the U.S. may be inescapable. "In some fashion, we've got to ignore the promise of the Statue of Liberty," says Mazzoli. "The U.S.'s moral responsibility to accept immigrants is not unlimited...