Word: budgeteering
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Dates: during 1970-1979
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Nothing is as tough as getting a budget resolution through the House...
...confessed Connecticut Democrat Robert Giaimo, chairman of the House Budget Committee, after narrowly winning an acrimonious fight last week to limit federal spending in fiscal 1979 to $500.9 billion, $42.7 billion higher than this year's record budget...
Because of all these factors, perhaps as much as 90% of the entire budget is treated as politically untouchable by Congress...
...this makes a mockery of Carter's vow to discipline the budget process by requiring each department to justify every dollar in its annual spending request. That approach, known as "zero-based budgeting," is saving little or no money and is simply creating a lot more paper work...
...constituencies still by and large want bigger spending and a more, rather than less, egalitarian thrust-or at least they want the substitutes and alternatives to be painless. Instead of pushing dubious tax reforms and relying on feeble jawboning, Carter should be taking much stronger anti-inflation measures, especially budget cuts. But for all the widespread worry about inflation, it is doubtful whether these groups and their representatives in Congress would go along. A case can be made that the issue is not ideological, that Carter has simply not been very competent or consistent in economic policy. The fact remains...