Word: budgeteering
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Dates: during 1970-1979
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Many inflation-wary Representatives noted that the Congressional Budget Office estimated the bill would cost the Government $5.3 billion and add $100 to an average family's food bill for the year. Said Massachusetts Republican Silvio Conte: "We have heard from the farmers who have been camping in town. But we haven't heard from the consumers who don't have the luxury of taking three months off to lobby Congress." Besides, President Carter had promised to veto the bill as inflationary. Said Majority Leader Jim Wright of Texas: "This is just a meaningless charade." The House...
Before going to the House of Commons to deliver his 13th budget message last week, Chancellor of the Exchequer Denis Healey, strolling in London's St. James's Park, stopped to pat an April snowman on the head. "I think I shall produce a little sunshine to brighten up the spring of our recovery," he declared. "It's a bit cold, but summer...
Next day it became clear that Healey's budget had not produced as much sunshine as Britons would like. The St. James's snow had melted all right, but the stock market plummeted, the recently resuscitated pound slipped again and the Liberals began to mutter threats of ending their pact with the Labor Party unless Healey came up with some bigger tax cuts. Reflecting the general mood of Britons, Conservative M.P. William Clark scowled: "The budget is a damp squib...
...unprecedented transfer helped ease a problem that arose when Radcliffe administrators announced there would be few jobs available for Radcliffe students this year because the school overspent its work-study budget last summer...
Last year Radcliffe spent over 60 per cent of its work-study budget in the summer, leaving only enough money to provide 80 women with such jobs during the school year...