Word: budgeteering
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Dates: during 1970-1979
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...friend, sharing his triumphs, helping him borrow money for his peanut warehouse. As a New South go-go banker, he made himself a millionaire, and he was one of the first men whom Carter appointed to a Cabinet-level position. Now the director of the Office of Management and Budget-who cruised around Washington during Inaugural week in a black Cadillac bearing special license plates with BERT on the front bumper and LANCE on the back-might be the first man to go. Last week Bert Lance was rapidly becoming an embarrassment to the Administration, a threat to its whole...
...economic-stimulus package was in place, and unemployed Americans were going back to work. By winter, continued Mondale, most of the energy program would be law. The Administration had won authority to reorganize the Government, and planning was under way. Budget reform was progressing, he said, and there would be welfare and tax-reform schemes soon. Important, too, Mondale reminded his listeners, was a change in attitude in Washington. Overseas, there was a policy of activism, changes of attitude and a reinvigoration of American ideals. Many would quarrel with the latter assessment, but that was the way Mondale...
...fighters. As proof that the country was prepared to do a bit of belt tightening before making new requests, Begin's government last week sprang an unpleasant surprise on Israeli consumers. Finance Minister Simcha Ehrlich announced wide-ranging anti-inflation measures to reduce a $130 million budget deficit. By cutting subsidies on basic commodities, the government forced a 25% rise in the price of such staples as bread, cheese, milk and chicken; gasoline rose from $1.87 per gal. to $2.40. Although opposition politicians warned that some cuts in the defense budget threatened Israel's security...
Finally, the President sent a letter to Senator Abraham Ribicoff: chairman of the Senate committee that confirmed the budget director, recommending an unlimited extension of the Dec. 31 deadline. The deadline. Carter noted, helped to foster "a substantial artificial lowering of the stock price." Ribicoff agreed to have his committee consider the idea...
...Defense Secretary James Schlesinger. He concluded that the threat to use NATO's tactical nukes was losing its credibility and therefore its deterrent power. Schlesinger reasoned that neu tron bombs would constitute a credible deterrent. President Ford approved production funds for two new warheads in the fiscal 1978 budget that is now making its way through Congress. The cost is classified but is estimated to be between $10 million and $20 million. It went almost unnoticed-and unpublicized-until debate began on the appropriation for the Energy Research and Development Administration, which handles development and production of all nuclear...