Word: budgeters
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Dates: during 1970-1979
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Some of the biggest and most controversial components of the budget are projected to climb most steeply of all. In keeping with a pledge that Carter made to the U.S.'s NATO allies last spring, defense spending will rise 3% in real terms, to $125.8 billion in fiscal 1980. Much of the increase will go for strengthening U.S. forces in Europe as well as for upgrading the nation's strategic arsenal of nuclear-equipped missiles, planes and submarines in order to improve the Administration's bargaining stance in the current SALT talks with the Soviet Union. Carter...
...Social Security, welfare, food stamps, civil service pensions and other income-security programs leaps 13%, to $179.1 billion. The trend continues upward largely because expenditures for many programs rise automatically with the rate of inflation. Social Security, at $115.2 billion, is by far the largest single item hi the budget, and the reforms proposed by Carter would save only $600 million...
...willing to buy and build only when they see that inflation has been curbed. They believe, with much justification, that Government spending is one of the root sources of the inflationary spiral that hurts all Americans. For both psychological and substantive reasons, narrowing the deficit and bringing the budget into balance are vital steps in slowing the rise in prices. During the '60s and early '70s, the budget exploded with a mass of social programs that were perhaps innovative and needed at that time, but the mood and economy of the country have changed. Top OMB officials admit...
Like tenacious barnacles, many questionable spending programs weigh down the federal budget. Successive Administrations have tried to zap the most outmoded and ineffective of these programs, only to have Congress restore them to please special-interest groups. But this year, the Office of Management and Budget thinks, the mood in the nation is strong enough to cut or eliminate the least useful of these projects...
...list appeared in the proposed budget that was sent to Congress last week. A sampler...