Word: budgeteers
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...fuss over Communists, fellow travelers, campus agitators, Yippies, and the like. Such detective work, though, would no longer have the single-minded backing of a permanent standing committee. As a standing committee, HISC gets free printing and the right to hire over fifty investigators and consultants from a considerable budget. In 1966 it asked for and received $425,000. In 1967 liberals rallied enough strength to whittle that down to $350,000. Last year's figure edged back up to $375,000. In the 89th Congress, HUAC finished with the fourth highest appropriations for a House committee...
...raising Revenue shall originate in the House of Representatives," the key man in writing tax laws is the chairman of the House Committee on Ways and Means, which handles all revenue-raising legislation. He has a pervasive influence on Government spending as well, since he can insist on budget adjustments as the price of any new tax measure. For eleven years that chairman has been Arkansas' Wilbur Daigh Mills, now 59. His economic sophistication and political acumen have made his word law with his committee members and the whole House. President Nixon has called for re-examination...
Washington is certainly, if belatedly, making the effort-and that effort is beginning to pinch the public. The 10% tax surcharge shows signs of reducing some consumer demands; retail sales have rolled along on a plateau since last fall. The federal budget is expected to shift from last year's deficit of $25 billion to a small surplus in fiscal 1969, resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose...
...this is much in line with what the Nixon Administration and the preceding Johnson Administration have intended. As McCracken said in Paris last week: "In general, we are now on the right course in economic policy. The budget is back under control. Money and credit policy is tracking about right. But we have had three years of excessive demand, and it naturally takes time to regain your balance...
...noted that the issue of money was particularly important since a Massachusetts state law gives control of the school budget to the school committee...