Word: budgeteering
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Dates: during 1960-1969
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...decide soon if it is going to enter into serious arms-control talks with the Russians. The new President must make up his mind whether to frame a State of the Union address of his own. He has to decide exactly how, if at all, he should rework the budget inherited from Lyndon Johnson. The continuing Middle East crisis calls for patient, imaginative attention. Not least, in Dr. Moynihan's special preserve, the White House must decide which urban problems it can most effectively attack, and how the assault can best be mounted...
...with specific problem areas such as crime, housing, welfare and mass transit. "The American national Government," said Nixon, "has responded to urban concerns in a haphazard, fragmented and often woefully shortsighted manner." He challenged the council to change all that with firm, coordinated policy recommendations. The President also assigned Budget Director Robert Mayo to draw up proposals for allocating federal funds after Viet...
Pinsky said that UCRA is working on a shoestring budget of a few thousand dollars. Of the Harvard contributors, Pinsky added that he was very pleased because "they've been nice...
...Lyndon Johnson last week summed up the chief economic challenge that he bequeaths to Richard Nixon. In his final economic report to Congress, he called for a strategy aimed at slowly reducing both inflation and the excessive boom in business. The principal ingredients are a small-and perhaps precarious-budget surplus (see THE NATION) and a Federal Reserve Board policy of permitting the supply of money and credit to expand less than it has over the past three years. What the nation must avoid, warned Johnson, is "an overdose of restraint" that could easily lead to recession...
...Jolt. In most essentials, the Nixon Administration and the independent Federal Reserve Board seem to agree. To halt inflation, said Secretary of the Treasury-designate David Kennedy last week, "we must maintain a tight budget and a restrictive monetary policy." The Federal Reserve has gone to considerable lengths lately to proclaim its intent to curb credit gradually...