Word: budgeter
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...faces two problems and they each compound the government deficit troubles. The IRS is collected much less than the current federal budget forecasts as individual and business taxpayers experience drops in their incomes. On the spending side of the ledger, the costs of stimulating the economy and bailing out businesses from car companies to GMAC rises each week...
...forecasts for returns and, under pain of death, could not supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment that is laid out by the Office of Management and Budget. That would mean that the approach to salvaging the economy is freewheeling and subject to only the nonspecific measurements of success...
...publicized and explained, our efforts to trim the FAS budget focused on local planning and efficiency-increasing measures, and it asked the community for ideas. It produced an extensive set of suggestions, and the academic deans of FAS approved those that made better use of our limited resources within the context of our core mission. The approved list equates to a $77 million reduction in our annual operating budget but represents only 35 percent of the $220 million deficit that FAS will face in two short years (based on what we know today...
...Many smart budget cuts have been made, including those to unnecessary travel and consulting expenses. Yet, as administrators review these recent cuts and look toward making more in the future, they must ensure that the core functions of both House life and academic life are not seriously harmed. Given the administration’s rapid expansion in recent years, they must look internally for savings, even if this means difficult firings or adjustments...
...John Spratt, chairman of the House Budget Committee, says Pelosi's kitchen cabinet, of which he is a member, is too small. "She would benefit from greater diversity of opinion," he says, adding that her small circle of confidants leaves her isolated and vulnerable to missteps when unanticipated issues arise. In the wake of the AIG bonus scandal, for example, Pelosi and other leaders moved quickly to pass sweeping legislation to drastically tax executive compensation. Such a gesture might have done incredible damage to the market had cooler heads in the Administration and the Senate not prevailed...