Word: budgeteering
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Dates: during 1970-1979
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...federal budget deficit will soar much higher than Jimmy Carter's overly optimistic goals for fiscal...
...most influential paper. A fiscal conservative who staunchly opposed Communism, he was named Finance Minister and Prime Minister by President Manuel Prado in 1959 and during the next two years managed to cut Peru's inflation rate from 11% to 3% and erase the government's budget deficit. Resigning in 1961 after a futile bid for the presidency, Beltran continued editing La Prensa until 1974, when the military government expropriated the paper in retaliation for his critical editorials...
They will have further reason to worry because the economy's decline will kill all chances of reducing the federal budget deficit from $37 billion this year to the $29 billion that Carter projects for the fiscal year beginning in October. The Board of Economists expects the deficit in fiscal 1980 to bulge to $45 billion. In fact, says Alan Greenspan, head of the economic consulting firm of Townsend-Greenspan, "Carter has a better chance of bringing in the budget below $30 billion this fiscal year than next." One reason: tax receipts this year will be up because...
...Bell has said that he believes Congress could limit a convention's agenda; an American Bar Association study from 1974 agrees, as long as Congress passes the necessary legislation. Furthermore, most of the bills that the states are passing to ask Congress to summon a convention themselves stipulate that budget-balancing should be the only issue on its agenda. Congressmen, too, though opposed to the whole idea of a convention, would obviously prefer one with narrow authority. In fact, the dire warnings against a convention run wild come only from opponents who are using them as a scare tactic; convention...
...LIBERALS continue to take their stand on the rock of the Constitution, instead of using more persuasive arguments against the whole idea of a balanced-budget amendment. Their cries of alarm only draw attention to the sad disarray into which American liberals have fallen. Calculating that they could not win a popular battle, they are calling in law professors and raising a standard in defense of a constitution which is in no danger. It would hearten those who agree with their basic stand against a balanced-budget amendment if they dropped the scare tactics and fought the issue out where...