Word: budgeteering
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Dates: during 1970-1979
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Kennedy has revised his strategies in other areas. "Proposition 13 was a watershed for us too," said one of his aides. Despite the big hoots he made every other week against Jimmy Carter's budget cuts, Kennedy accepted the President's overall spending totals, including the $29 billion deficit. He saw the political realities and the appeal of reduced spending, like everybody else. But like that of no one else in U.S. politics, Kennedy's appeal transcends ideology and so his new fiscal posture has caused little change in his superliberal reputation. His disagreements with Carter over...
...have learned that good intentions are not enough in a President. To be effective, leadership in the 1980s must be based on a politics of substance, not symbols; of reason, not bombast; of frankness, not false promise." He called for the usual Republican objectives: reduced federal spending, a balanced budget, increased military strength, a tougher foreign policy...
...John Nott, 47, a tough Cornishman once fired by Heath as too inflexible, became Secretary for Trade and Prices. John Biffen, 48, a deceptively shy but zealous right-wing purist and nationalistic opponent of the Common Market, was named Chief Secretary of the Treasury, in effect, director of the budget. Thatcher's one concession to the moderates on the economic front: confirming James Prior, 51, as Employment Secretary. A ruddy Suffolk farmer and most prominent of the so-called Tory social democrats, Prior has carefully tried to build "bridges toward the unions...
Roldós' victory reflected weariness with the junta, which had run into difficulty controlling corruption, inflation, budget deficits and Ecuador's foreign debt. With Washington's approval, the junta consulted with every political faction in drawing up a new constitution that will become effective on Aug. 10. One major change: literacy will be abolished as a requirement for voting, which will add as many as 1 million peasants to the electorate...
...severely criticizes Trudeau for failing to control inflation, and in the next, promises to stimulate the economy. He has proposed a $2 billion income tax cut, which would almost certainly cause more inflation. He relies heavily on the economic theories of New York Republican congressman Jack Kemp's balanced budget, which Martin Feldstein, professor of Economics, has called something "politicians can digest in 30 seconds and talk about for months." Clark also said he would dissolve the nationally-owned corporation Petro-Canada, a concession to Lougheed, despite the fact that foreign multinationals control 95 per cent of petroleum sales...