Word: budgeteering
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...major complaint about Elmendorf has been that he is being too cautious in crediting the health care legislation for the savings it could achieve. One of his critics is Peter Orszag, his immediate predecessor at the CBO and the current head of the White House Office of Management and Budget. At one point, Orszag - who devoted much of his tenure at the CBO to laying the groundwork for health care reform - went so far as to accuse his former agency of having "overstepped" its mission by displaying a tendency toward "exaggerating costs and underestimating savings." Among economists, those are fighting...
...independence. A native of upstate New York, he taught at Harvard before joining the CBO as an analyst in 1993. Since then, he has done stints at the Federal Reserve, the Council of Economic Advisers and the Treasury Department. "I have enormous respect for him," says Senate Budget Committee chairman Kent Conrad. "He plays it straight, and he's enormously serious about getting it right...
...would shrink in a White House suddenly populated by left-leaning staffers suspicious of anyone associated with George W. Bush foreign policy. And yet Gates has achieved "two victories in one year," in the words of an in-house fan. In December he won passage of a watershed Pentagon budget that shifted spending from theoretical, conventional wars to the unconventional ones the military is actually fighting now. He also helped Obama execute a surge in Afghanistan, a plan Obama had campaigned on in 2008 but which has since become known as the "Gates option." "Sixty-two thousand forces committed...
...credit, Gates is mindful that the U.S.'s diplomatic assets pale in comparison to its military power. The Pentagon budget is still $660 billion, compared with State's $51 billion. To audiences, Gates often bemoans the fact that the State Department's foreign-service officers would barely crew one aircraft carrier. "We joke that Gates is the best surrogate for the State Department. He always makes the point that we are underfunded and underresourced," says a Clinton staffer. At the same time, the Pentagon has assumed more of the burdens of diplomacy and statecraft. The building contains its own mini...
That may be true, but Yanukovych, himself a two-time former Prime Minister, was accused by opponents of funneling budget funds and state assets to his backers while in power and he continues to surround himself with Kuchma-era cronies. Tymoshenko claims Yanukovych would be a puppet for the country's powerful oligarchs...