Word: budgeteering
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Dates: during 1970-1979
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Democrat Jimmy Carter and the Democratic Congress appear to be headed for collision. Chief issue: determined to balance the budget by the end of his first term, Carter, the fiscal conservative, is clipping away at congressional spending...
...than Carter wants to spend, is a closer call. If the President vetoes it, he will look like a flinthearted conservative to many liberals. The White House is divided over what to do. Issues Coordinator Stu Eizenstat is urging the President to sign the bill, but Bert Lance, the budget chief, is telling him to draw the line to help control inflation...
Most others would describe it as a retreat. Though Papp has raised his box office receipts at Lincoln Center to a current high of nearly $4 million, costs have risen alarmingly; this season's budget was $6.2 million, up more than a third from last season. Foundation and government support, on which Papp's ventures have always depended, has been shrinking. He has managed to cover his Lincoln Center deficits only by using the Broadway profits of his phenomenally successful A Chorus Line, which started off as an innovative musical in Papp's downtown Public Theater...
...Capitol's corridors, pressing politicians and seeking to shape the proposed legislation to the liking of myriad special interest groups. For Ellen Berman, a stylish Barnard Russian major, it is an 18-hour-a-day job. She is director of the energy policy task force (annual budget: $50,000) of the Consumer Federation of America. Says she: "Lobbying, when you don't have any money, is like bicycling uphill against the wind...
...important crops are sliding, and their incomes are falling. Now farmers want Government help in the form of higher subsidies, especially for wheat and corn-to the embarrassment of President Carter, who has threatened to veto any farm bill so generous as to imperil his goal of balancing the budget...