Word: budgeteering
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Dates: during 1970-1979
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Ehrenreich said that he is "bullish" on photovoltaics and that his panel's report has been regarded as optimistic about the long-term prospects of solar electricity. He noted that the Office of Management and Budget, with knowledge of the report's conclusions, has increased the budget for photovoltaics about 25 per cent...
...seek in vain. Carter is getting more and more unsettled as Jerry Brown nudges into the race more and more openly. Besides having an edge toward the right over Carter due to his neat turnaround on Proposition 13, plus his call for a Constitutional amendment mandating a balanced U.S. budget, Brown has Carter worried over the religious issue. Carter may have the support of the Fundamentalists, the Born-Again folk, but Brown taps the Tao, culls the Zen support, rides the whole neo-Eastern-religious-cultists-pseudo-mystical wave. And Carter can scarcely forget that out of the last...
...FANFARE about inflation being public enemy number one, Carter's target inflation rate for 1980 of 6.3 per cent is shockingly modest, especially in light of the sacrifices in public welfare his plan would require. In real terms, his proposed budget would reduce the appropriations for social services by about 15 billion dollars while allowing the nation's arms arsenal to continue growing. Though some cuts of redundant or unnecessary programs may be justified, the proposed slashing of federal jobs programs, which would wipe out over 150,000 jobs provided by the Comprehensive Employment and Training Act, and practically eradicate...
...question is, will these budget cuts slow inflation? Unfortunately, the answer is a qualified no. While the cuts may shave a little off the inflation rate, deficit spending is not the main source of inflation. As Carter himself has noted, several essential items such as food, housing, medical care and energy are the most pressing sources of inflation. Deficit spending may lower the amount of money in the economy and so affect aggregate demand slightly, but there is no guarantee that it will affect the inflation rate in the guilty sectors...
Carter seems to have decided the question in the oil companies' favor. His actions with regard to oil prices make a mockery of his anti-infaltion rhetoric, and probably more than counteract any decline in inflation that would be achieved by his budget cuts...