Word: budgeteering
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Dates: during 1970-1979
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...LOVE suddenly vanished from Philadelphia. After long discussions with budget-minded city officials, Indiana's agent had the sculpture unceremoniously carted off to New York, where another potential buyer wanted...
Even conservatives now accept that moderate deficit spending is often necessary to lift the economy out of a recession. Fair enough, but as the U.S. enters the fourth year of recovery, deficit spending is reaching tidal wave proportions. The deficit called for in Jimmy Carter's budget for fiscal 1979 is $60.6 billion, and it promises to keep the flood of red ink cresting at least through 1980 and probably much longer...
Congress is only making the deficit problem worse. As next week's deadline approaches for House approval of the so-called target budget, which will determine the basic size of fiscal 1979 spending, many of the 435 Congressmen are rushing to push various pet projects into the overloaded document. Expenditures for agriculture, education, community development and veterans' benefits all have been increased by at least $1 billion more than Carter proposed. Complains House Budget Committee Chairman Robert Giaimo of Connecticut: "We've got to stop all these bright little ideas from being passed. You add them...
...problem is that Congress has historically viewed the very idea of budget cutting as rather like repealing Christmas. Special-interest groups instantly howl, and Congress listens. The groups are as large as the 34 million Social Security beneficiaries and as small as the 1,700 beekeepers who this year will draw $2.9 million in federal indemnities because their bees may have been harmed by Government spraying of pesticide...
...past ten years, the share of the budget consumed by these programs has increased from less than 30% to nearly...