Word: budgeteering
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Dates: during 1960-1969
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...make good on all these claims would obviously exhaust even the most generous fiscal dividend that Charles Schultze has projected. But the President can still find some money for key social needs. The fact is that the federal budget can stand some slimming. Not as much as Americans sometimes think is wasted-but a good deal is. Not as much as Americans sometimes suppose is going into absurd projects-though too much is. Money is being spent on programs that, by comparison with priority needs, are secondary or of relatively minor importance. Someone is always hurt when a program...
Even an early end to the Viet Nam war offers little immediate prospect for substantial savings. Former U.S. Budget Director Charles Schultze, now of the Brookings Institution, in Agenda for the Nation, effectively explodes the idea that the annual $29 billion that the war is now costing will be available for domestic needs. Working from an optimistic "scenario" that assumes an early end to the fighting and deactivation of some troops beginning in July, Schultze foresees no substantial reduction in military expenditures until 1971. Ordnance and munitions lines run on after any cessation of hostilities to rebuild depleted inventories...
...this anticipated dividend must be set a multibillion-dollar set of claims. The future military shopping list, in addition to the items above, includes a number of costly weapons systems in the development stage on which procurement decisions are pending. Initial requests from the armed forces in the 1970 budget were reported at the $100 billion figure that Schultze projects for 1974. In addition to these proposals there are potential increases in programs already authorized but underfunded. If Congress fully applied the Model Cities Program to the 130 or 140 cities involved, the annual cost could reach $4 billion...
...long run, however, the U.S. probably cannot effectively meet its domestic responsibilities unless it can reduce the vast military budget, which accounts for 43 ? of all, every for in federal foreign dollar policy spent. the This is the Government's most actions difficult - and expenses - are in large measure dependent on the actions of others. The security of the U.S. must obviously take precedence over all other considerations. However, there is room for debate about what is essential to U.S. security...
...President is offered a simple choice in determining a nation's priorities; no budget is ever enough to take care of all those who, like Oliver Twist, ask for more. In the next 18 months, the probable area of savings-about $2 billion-is not enough to take care of the demands of the cities, of education and of welfare that could easily absorb the anticipated dividend from the end of the Viet Nam war. But to raise taxes in the interim might well impede the growth of the economy, on which the maintenance of prosperity depends, and with...