Word: budgeteer
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Dates: during 1980-1989
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October is supposed to be the month of reckoning for the Federal Government, as a new fiscal year begins and the budget is hammered out. In the next four weeks, Congress and the Bush Administration must raise the federal debt ceiling to $3.1 trillion, find a way to reduce next year's deficit -- on paper at least -- to $110 billion, and scrounge for funds to finance the drug war, educational reform and cleanups of the HUD mess and even of the storm-ravaged South Carolina coast...
...landmark 1986 tax-reform law. The drain on the Treasury could be compounded when the measure reaches the Senate, where it is expected to pass, and Democrats try to extend the tax breaks on individual retirement accounts. It seemed like a classic outbreak of "now-nowism," as Budget Director Richard Darman, who helped broker the deal, labels the nation's hunger for immediate gratification...
...veto it. That risks triggering the automatic spending cuts mandated by Gramm-Rudman-Hollings if there is no agreement by Oct. 16 to hold the deficit to $110 billion in the fiscal year that began Oct. 1. But those cuts could always be rescinded later. And if the budget deficit keeps rising? Don't think about it. The public, the President and Congress all seem sold on now-nowism...
...housing issue. What they want are answers. Will Bush and the Congress produce a housing policy to compensate for eight years of abuse and neglect at the Department of Housing and Urban Development (HUD)? Will they reinvigorate that atrophied agency, currently limping along on a $7 billion budget, slashed from $32 billion since Reagan took office...
Silber said that B.U. has no intention "tosimply replace funds," adding that Chelsea shouldstabilize its own budget crisis. "[The budget]won't be a factor so far as B.U.'s decision tostay or go is concerned," he said. "We'll do thebest we can with the resources we have...