Word: budgeteering
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Dates: during 1970-1979
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University officials yesterday projected the School of Public Health (SPH) will show a budget deficit between $100,000 and $300,000 for the current fiscal year, marking the school's first deficit in recent years...
Currently much of the undergraduate scholarship budget comes directly out of tuition payments, Glimp said...
...benefits or raise payroll taxes, Gore banks on the surpluses created by the good economy to pay for the baby boomers' retirement. If the economy goes into recession, Gore will have a painful choice: go back on his word, or take money from the rest of the budget to pay for Social Security (which could mean raising income taxes, cutting spending in such programs as education and health care or running up annual deficits...
...revenue raid Transferring interest savings to Social Security doesn't change the basic equation: More and more government revenues will still need to be devoted to the retirement of the elderly. Gore increases the percentage of the budget devoted to retirement with his "retirement savings plus" plan (which will cost between $200 billion and $620 billion over the next 10 years). Is it worth annually spending nearly a third of the national budget on Social Security to extend the program's life for only 17 years...
...invest a sixth of their payroll taxes, as well as additional voluntary contributions (possibly matched by government dollars), in low-risk stock or bond funds. Such a plan, says Donald Marron, CEO of Paine Webber and chairman of the bipartisan National Commission on Retirement Policy, "doesn't break the budget, lifts more elderly out of poverty and makes everyone an owner of the American economy...