Word: budgeteering
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Dates: during 1970-1979
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Battle-tested and somewhat bruised from his past encounters with Congress, Carter is playing it smarter this year. He has personally shaped the broad outlines of the budget. They are: total spending of $533 billion, about 8% more than in the current fiscal year, which ends on Sept. 30; a projected deficit of $29 billion, a respectable $12 billion less than this year. Well aware of growing public concern over the Soviet military buildup, Carter is proposing a 10% boost in defense spending, to $122.8 billion, which more than offsets 7% in projected inflation and thus meets his promise...
...sought to offset that alliance in several ways. First, he called in his most likely critics, including mayors, Governors and black leaders, for well-publicized talks at the White House. He expressed sympathy for their problems but made it clear that he faced a cash crunch. Then, tentative budget figures were leaked that suggested severe cutbacks in such fields as education, health, urban renewal, housing, mass transit and jobs for the hard-core unemployed. As expected, the drastic slashes set off cries of alarm...
...Bureau of the Budget said in 1957 that the savings from switching to a uniform size (i.e., 8½ by 11) would be "marginal." A 1970 study by the Bureau of Standards assessed what it called "paper sizes annoyance factors." A subsequent study by the Bureau of Standards argued that both Government and business should switch to 7¾ in. by 11 in., on the ground that this would be the most esthetically pleasing...
...while private colleges are in danger of overpricing themselves, they have still not raised tuition fees enough to cover the impact of inflation. The University of Chicago, for example, first chopped its operating budget by 10% in 1970; today, despite rising tuition, Chicago continues to allow its faculty to shrink through attrition by 1% to 2% per year. Nearby Northwestern University lost $1 million last year, and expects a similar shortfall this year. Yale's 1978 deficit was $2 million. Dallas' Southern Methodist University is wrestling with a cumulative deficit of $6 million. "We're caught between...
Prompted by all this unexpected success, Paramount scheduled a low-budget movie several years ago. Then, when Star Wars hit, the studio returned to the project at a speed approaching warp seven. The new movie will have an expensive layering of special effects. Optics Wizard Robert Abel has been hired to give that cloud of electric whipped cream a throbbing, ominous personality. "It's so big you can't make a model of it," he hints vaguely. "It's so awesome, so powerful and has so many unique identities . . ." When the monster first appears, audiences will...