Word: budgeteering
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Dates: during 1970-1979
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...financial and political troubles of former Georgia Banker Bert Lance reached the point last week where Jimmy Carter himself had to come to the rescue. The President recommended that the director of the White House's Office of Management and Budget be released from a promise that, if kept, could destroy Lance's already shaky financial position...
House Speaker Tip O'Neill and other Democratic congressional leaders were stung. In a stormy confrontation. Connecticut Democrat Robert Giaimo. chairman of the House Budget Committee, warned Rivlin during a committee meeting to shut up in public...
...doctorate in economics from Radcliffe. is unflustered. She knows Washington's power game, having served as Assistant Secretary of Health, Education and Welfare under Lyndon Johnson. She is also argumentative by training-she wrote editorials for the Washington Post for a while-as well as a veteran budget watcher. At Brookings she wrote (with Charles Schultze, now Carter's chief economic adviser) studies of the 1972, 1973 and 1974 Republican budgets...
...skirmishing has tended to obscure the effective work being done by the CBO. Says Karen Williams, the Senate Budget Committee's chief counsel: "Before the CBO, we just did not have the figures to work with. Now CBO studies on defense issues have allowed us to take a really good look at costs. The same goes for proposed food-stamp and Social Security reform." In short, the information supplied by the CBO holds down spending because it forces ordinarily open-wallet Congressmen to face up to deficits. Majority Leader James Wright of Texas was particularly incensed a few months...
...bombast on both sides, few of Rivlin's critics really believe she will ever become the bureaucratic wallflower some would dearly like her to be. This week she is scheduled to appear again before Bob Giaimo's House Budget Committee and give her colleagues' views on the economy's course for the rest of 1977. Her outlook will probably be much less radiant than the official Administration forecast-and thus cause for yet another round of muttering by agitated politicians...