Word: budgeteering
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Dates: during 1970-1979
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Under law the children's protective, or child defender, service is part of the welfare department of Massachusetts. And like similar services elsewhere in the U.S. the state's child defender force has lately been expanded and given a larger budget, partly because public concern about battered children has grown dramatically, along with increases in reported abuses. In the state of Massachusetts the subject now seems particularly urgent because of recent cases, especially that of an eleven-year-old Braintree girl whose father sued to get her back from a state-run shelter where she had been placed...
While wage and price guidelines attracted the most attention, Carter was well aware of the complaint by businessmen and some economists that the Federal Government is the biggest single contributor to inflation. With pride, he pointed out that his Administration had reduced the federal budget deficit, a prime contributor to inflation, from $66 billion in Gerald Ford's last year as President, to less than $40 billion in the current fiscal year. He pledged to cut it to "$30 billion or less" next year. As part of the effort to do so, he said he would veto any plan...
...Secretary Michael Blumenthal talked down the value of the dollar last year -a cheap dollar was supposed to stimulate exports. Carter might have foreseen that as the dollar fell, prices of imports would rise, lifting with them the prices of similar domestic products, from Wisconsin gorgonzola to Detroit subcompacts. Budget Chief James Mclntyre last January submitted a fiscal 1979 budget that projected a $61 billion deficit, even though the country was entering the fourth year of .economic recovery. Carter might have recognized that this would be grossly inflationary-and that leaders of business and labor would post higher prices...
...record rates, Carter's aides bickered over which was the greater peril: inflation or unemployment. Even when they agreed that it was inflation, they divided over how strongly to fight it. Political aides wanted the President to go gently, at least until after the November elections, lest any budget cuts alienate unionists, veterans, farmers, welfare recipients and other voters. Economic advisers wanted him to act firmly, paring away at programs. Characteristically, Carter split the difference, calling in April for a timid policy of a modest bud get constriction and limits on federal pay increases. He might have known that...
...summer of double-digit dis content, followed by Stage II. Announcing it, Carter conceded that the tom-toms reverberating from the Oval Office in the past had signaled anything but a determined anti-inflationary policy. The regulators who he now suggests are out of control are Carter appointees. The budget that he says is too big is a Carter budget. But the good news is that the President pro fesses at last to recognize the problems and to have learned from past misjudgments...