Word: budgeteering
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Dates: during 1970-1979
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...loan accounts to see if any illegal activity was involved in handling loans of more than $4.6 million to the Carter business. The loans were arranged by then N.B.G. President Bert Lance, the close friend whom Jimmy Carter later made Director of the Office of Management and Budget in Washington. One question was whether any of the funds had been used illegally in Jimmy Carter's campaign for the presidency. So far, no evidence has turned up that any money from the loans found its way into Carter's campaign or that he was involved in any bookkeeping...
...next two decades the nation was by far the biggest source of such assistance. There were many intricate reasons for America's subsequent disenchantment with foreign aid, but it became pronounced during the Viet Nam War. It was in 1968 that Congress radically slashed the proposed aid budget-by 40%, to a 21-year low of $1.75 billion. Since then, the program has been in trouble, chronically confused, steadily losing supporters, widely misunderstood...
Jimmy Carter entered office with the hope of doubling U.S. economic development programs by 1982, but he soon curbed this aspiration in the face of a budget-chopping mood. He has pushed some increases through the Congress, with total aid outlays of $5.1 billion for fiscal 1978 and $5.9 billion for fiscal 1979. His current budget proposes just over $6 billion for fiscal 1980, and would have been higher, a White House spokesman said, except that larger sums "might have raised the profile of foreign aid and made it even more vulnerable." The proposed 1980 budget is vulnerable enough. While...
...angst. How steep is the price of meeting the proliferating demands and standards imposed by regulators? Estimates of the annual cost of federal regulation alone to U.S. industry have ranged from $79 billion a year (by Republican Economist Murray Weidenbaum) to $135 billion (by the Office of Management and Budget). Some Congressmen have tossed off estimates of $150 billion or more...
...states and localities. In many cases, the money for the raises is available because federal largesse pays for programs that the legislatures would otherwise have to fund. Government programs will this year enrich state and city coffers by $82 billion, an amount more than double the projected federal budget deficit of $33.2 billion. Thus Washington finds itself handing out cash that is being used to undermine its fight against soaring living costs, which are now climbing at an annual rate...