Word: budgeteering
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Dates: during 1970-1979
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Slowing the budget balancers...
...message and we want to send it." So proclaimed Republican Eugene Lamkin, majority leader of the Indiana house of representatives, last week as his colleagues voted to join the legislatures of 28 other states in calling for a constitutional convention to adopt an amendment requiring a balanced federal budget. With the approval of only five more states, Congress may be forced to convene what would be the first constitutional convention since the Founding Fathers...
...White House has taken a low-key approach, forming a task force to gently persuade uncommitted state legislators to vote against budget-balancing resolutions. A key target is New Hampshire, which holds hearings this week. Expected to testify on behalf of the proposals is California Governor Jerry Brown, who has made opposition to deficit financing a central theme of his pre-presidential campaign. Another target is Ohio, where a legislator received a letter from Jimmy Carter denouncing the amendment as "political gimmickry" that would be "so filled with loopholes as to be meaningless or so rigid...
Democratic congressional leaders, meanwhile, insist that they are sympathetic to demands for a balanced budget but do not want to risk the potential chaos of a convention or the straitjacket that an amendment could place on economic policy. These legislators argue that they should take no action until after full discussion. But to some critics, this seems like a strategy for stretching out hearings in the hope that the public's interest will wane before a the public's interest will wane before a vote has to be taken. The Senate held one hearing in early March...
...House Judiciary Committee, with 68 different budget-balancing schemes before it, held its first hearings last week and then recessed until later this spring. "Launching a turtle," scoffed a committee aide. Retorted Chairman Peter Rodino: "The turtle may go slowly, but it gets there...