Word: budgeters
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Dates: during 1970-1979
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...Brown's message original or clear enough to win new converts. His call for a balanced budget is an echo of the cry the Republicans have been raising in Congress for two or three years--ever since their party's man was mercifully eased from office and its unpleasant demands upon him for coherent thought. Brown's thinking, at least on "Issues and Answers," (which is not one of television journalism's more rigorous hotseats), is still muddled. The governor sounded like a freshman who discovered in the second semester of Ec 10 "what's wrong with the economy," eagerly...
...would seem suicidal for any political leader to challenge just a few of these groups, let alone most of them. Yet the broad mass of Americans are wearying of inflation, regulation and budget busting. They realize that those three mighty forces have impeded investment and caused the nation to fall behind, and they may be ready to support the courageous political leader who will tackle the special interests headon. In times of such ferment, the public may well be prepared to accept fairly radical steps. Some possibilities...
Discourage Inflation and Encourage Stability. Limit the long-term increase in federal subsidies, Government benefits and budget transfer payments to the size of the real increase in economic growth. That is, if the gross national product after inflation rises 3% in a year, these federal payments may rise no more than 3%. Meanwhile, limit the growth in the money supply to a noninflationary 4% to 6% annually, year after year...
Discourage the Growth of Federal Spending. Sharply reduce grants to the states, most of which are running surpluses and do not need such large payments. Pare the defense budget by returning to some form of military draft, paying 19-year-olds at a rate of $100 a month for one year's service. Such a move would arouse immediate protest and unpopularity, but it could reduce the Pentagon's personnel costs by several billions. As the growth of federal spending drops, the need for Government borrowing will decline, freeing up more capital for private investment...
Dinah, a woman of parts, manages with fearsome practicality: "I know my needs are going to drive me into relationships with men and I know those relationships won't always be controllable. But in the overall plan of my life I budget for that." As a novelist, Hermitage is intrigued by her economics of the heart. As a man, he is smitten with a case of middle-age rut: He settles into a daily routine: a soul-searching chat with the dying mother, a brisk workout in bed with the daughter, and then back to the writing table...