Word: budgeteering
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Dates: during 1960-1969
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...taxpayers leave the central city for the suburbs, revenue goes down while public-service costs go up because most of those who remain are poor. Welfare costs in New York City, for example, now consume $1.5 billion annually, the largest item in the city's $5-billion-plus budget. Welfare costs in suburbia are increasing at an even greater rate than those in the central cities...
...budget means a tough fight with the legislature and also provides a clue as to why Rockefeller chose to announce his political intentions so early. By declaring now, he hopes to avoid being labeled a lame duck and thereby to achieve greater leverage in dealing with the legislature...
...become the symbol, has prompted a crackdown that is increasingly reminiscent of Stalin's day (see box). The economy is doing well, but not well enough. Last week, as the Supreme Soviet, Russia's parliament, met in the Great Kremlin Palace Congress Hall to consider the 1969 budget, the country's chief planner rattled off an impressive list of economic achievements (1968 income up 7.2%, industrial production up 8.3%). The 1,510-odd delegates were visibly unimpressed. Instead, they complained bitterly about the shoddy quality of Soviet housing and the poor reliability of farm machinery, which plagues...
Medium Machines. To Western analysts, by far the most important news to emerge from the Supreme Soviet meeting was a 6% increase in Moscow's arms spending. As part of the new budget, the group approved the largest defense appropriation in Soviet peacetime history: 17.7 billion rubles ($19.7 billion). Actually, that figure represents only a fraction of the actual outlay. It covers only the actual housekeeping costs of the Soviet Union's military forces, ammunition purchases and the acquisition of light conventional weapons. The Soviets routinely disguise under other headings their spending for important weaponry. Outlays for nuclear...
...remedy one imagines to be a strong budget committee reflecting the full scientific and scholarly competence of the faculty to establish priorities and to guide money-raising and use," Galbraith concluded...