Word: budgeteering
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Dates: during 1970-1979
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Another such way of looking at HEW's annual cost is to compare its budget with the price tag of the 25th birthday party it threw at its Washington headquarters two weeks ago. The department celebrated with a two-day bash for 8,000 of its employees and beneficiaries that included outdoor concerts, a chicken barbecue and performances by Sesame Street's Big Bird, whose creation was funded by HEW. The price of the whole thing was $15,000-no small sum; yet, based on an eight-hour working day, the cost amounted only to about what...
...late '60s and early '70s, when the school went from 50% white to all black, and enrollment (now 340) fell by two-thirds. More students are applying now, but the church says it cannot continue its $150,000 annual subsidy, which covers a third of the school's budget (the rest comes from tuition and assorted fund-raising ventures). The cost per pupil runs $1,300 a year, compared with a $900 average in the archdiocese (and $1,700 in Chicago public schools). The cruel story is repeated in many urban ghettos. The church is unable or unwilling to subsidize...
Another villain is the Government itself. In the past two years, aid to farmers has quadrupled to an estimated $7.9 billion, much of it for price-propping mechanisms and subsidies. Carter's budget for next year now proposes to cut the amount to $4.2 billion. Farmers complain that they need all the federal largesse they can get because rising costs are making it hard for them to turn a profit. In that sense, they are suffering in the same way as other Americans, who also must figure out how to make ends meet as inflation devours their purchasing power...
...wielding a heavy ax to cut costs, jettison losing properties and clear a path out of past mistakes. The company's fleet of planes has been reduced from six to three, and the executive dining room has been closed. More important than these symbolic moves, this year's capital budget, originally set for $2.5 billion, is being cut drastically. At headquarters in Pittsburgh, and in branch offices from Houston to Tokyo, cutbacks in staff are reaching into the hundreds. Public affairs has been pruned severely; its chief, Senior Vice President Jayne Baker Spain, a former vice chairman...
What we should do, he says, is enact ambitious but limited ones. Jones asks fellow businessmen to support the CETA (for Comprehensive Employment and Training Act) programs, which subsidize companies to hire and train the unskilled young. He applauds Carter's call for $400 million in the '79 budget to expand that work...