Word: budgeting
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Dates: during 1990-1999
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Speaking of government spending, contrary to the doomsday scenarios that haunted us following the budget deficits of the Reagan and Bush years, as of last week, for the first time since 1969, the government will take in more money than it spends. Ross Perot's sky-is-falling rants about guv'ment irresponsibility of six years ago now seem almost cute--like a real-life Chicken Little...
...feel there's no better leader for Brazil than Cardoso right now," says TIME business reporter Bernard Baumohl. "But after the election, they're counting on deep budget cuts and austerity measures, and the $30 billion bailout that they're trying to put together will be conditional on that." As always, the economic powers that be are pointing to a light at the end of the tunnel -- an optimism that's selling rather poorly in Indonesia and South Korea right now. But Baumohl says that Brazil is healthy enough -- and vital enough to U.S. interests -- to pull through. "If Brazil...
Hartle said the ACE was unhappy with some of the act's provisions, but it had come out better than the ACE had expected in a conservative and budget-conscious Congress...
However much Gephardt may be longing for order, his is an uphill fight. Democrats who feel that Clinton is a serial traitor to the party, shutting them out of his budget deals with Republicans, hanging them out to dry on difficult votes, bullying them into accepting tax hikes and then denouncing them for it, going over their heads at every opportunity, are not hastening to his rescue now. Californian Henry Waxman, a plausible candidate to support Clinton, summed up the mood: "He's an embarrassment to people in his own party. Even if it's not impeachable, no one wants...
Even if staff members weren't so distracted, it would still be hard to put together a plausible strategy for dealing with Congress for the next six weeks, as both sides try to agree on how to spend about a trillion dollars next year. Clinton vowed that any budget surplus should be devoted to "saving Social Security first," and so he ruled out any new farm aid. But everything is negotiable now. It's "cash and carry," as one Democratic lobbyist put it. So when potential supporters come asking for money, Clinton is not in a very strong position...