Word: budgeteering
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Dates: during 1970-1979
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Some possibilities: guidelines-pardon, standards-and more budget cuts...
...causes, notably bulging deficits and a too-rapid expansion of the U.S. money supply. But the Federal Reserve lately has been making progress in reducing money growth toward Miller's goal of an annual rate no higher than 6.5%, and Stage Two will include a new round of budget cutting. The Senate Budget Committee last week voted to set a $42.3 billion ceiling on the federal deficit for fiscal 1979, which starts Oct. 1. That would be well down from the $51.1 billion deficit in the fiscal year now ending, and the $60.6 billion that Carter recommended in January...
...reduction so far reflects mostly a scaling down of income tax cuts planned for next year and the continuing inability of federal agencies to spend money as fast as they are authorized to, rather than any determined slashing of programs. An Administration "hit team" is now examining the 1979 budget line by line, looking for places to cut. Jack Carlson, chief economist of the U.S. Chamber of Commerce, figures that they expect that it will eventually squeeze the deficit to about $35 billion...
...Motors, IBM and Ford are the only U.S. non-oil firms in their class. In size, the Sisters easily match many of the nations they deal with. Exxon's assets ($38 billion) and Shell's sales ($39 billion last year) are about equal to the Italian national budget...
...foundation's philosophy owes something to the distaste for competitiveness that rose out of the 1960s counterculture. But the "new games" are catching on in the mainstream. The foundation, with an annual budget of about $400,000, conducts a hundred or more weekend workshops round the country for recreation specialists, educators and health care professionals; many of them are paid by their employers to learn the new nonwinning ways. Explains O'Connell: "The games are especially popular in the Midwest, where people still have lots of community picnics and family days. They're a lot more...