Word: budgeteering
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Dates: during 1970-1979
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There is no person in Washington who understands completely the meaning of $531.6 billion. The arguments last week about Jimmy Carter's national budget were surrealistic political rituals designed more for personal identity by the combatants than real evaluation of where we are headed. The AFL-CIO's George Meany stormed that the whole budget was an attack on "average Americans." Former Health, Education and Welfare Secretary Wilbur Cohen called the small adjustments in Social Security "tragic, unsound." And by the end of the week, Congress's Black Caucus had declared the budget "immoral." Each critic seemed...
...sheer immensity of the amount may be partly to blame. Bo Cutter, the man from the Office of Management and Budget who directs the preparation of the budget, has made it a point to remind his staff repeatedly that a million dollars is a lot of money. In the hundreds-of-billions environment, a million dollars can be lost like a rolling penny heading for a sewer grate. Cutter has had his staff calculate some other reminders: a million dollars' worth of quarters stands almost as high as Mount Everest; the number of stacked quarters in this year...
...society on earth has ever produced so much wealth and given it to the Government, which then returns most of it in services for its citizens. This year's budget is greater than the gross national products of all but three of the 159 other nations around the globe (the three: West Germany, $650 billion; Japan, $900 billion; and the Soviet Union, $1.2 trillion). Joe Califano, the Secretary of HEW, who is constantly dieting, jogging and going to football games like a lot of other Americans, will manage $199.4 billion, which by itself exceeds the budget of every other...
...indeed not tranquil. I have said this to a number of foreign friends: the nuclear arsenal of the Soviet Union and the constant development of their strategic weapons means that we can say that the Soviet Union is already on a par with the U.S. The Soviet military budget takes up around 20% of the gross national product.* What does one do with all these things? With no war going on, it has increased its standing army in three years from 3 million to 4 million men. What does one do that for? And as we have often noted, many...
Chancellor Helmut Schmidt, a notorious workaholic, took time off from preparing for the current budget debate to watch the show. So did Opposition Leader Helmut Kohl. In all, an estimated 14 million West Germans, plus 3 million people in areas of East Germany tuned in last week for Holocaust, the American-made fictional account of Hitler's extermination of 6 million Jews. As nine regional television networks prepared to air the four-part docu-drama neo-Nazis torched an old synagogue in Essen and bombers demolished a television transmission tower near Koblenz and a telephone relay station near...