Word: budgets
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Dates: during 1990-1999
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...this point, or to return to the reckless policies that threw our nation into stagnation and economic decline," boomed the president on Thursday. That last part, of course, is a canard. The last big tax cut was the Reagan mammoth of 1981, and though it did plunge the budget into $200 billion deficits, it also pulled the economy out of stagnation and economic decline, and laid the foundation for the '90s boom that today is paying those deficits...
Cutbacks in Medicare spending put into place by the Balanced Budget Act of 1997 put a heavy strain on hospitals that depend on federal...
Cutbacks in Medicare spending put into place by the Balanced Budget Act of 1997 put a heavy strain on hospitals that depend on federal...
...numbers for this cut are based on mandatory spending caps that Congress and the White House put in to get the budget deal done in 1997," Branegan says. "They were just stopgaps. For the Republicans to say that they?ll stick to them for the next 10 years - when they?ve already signaled this year that they?re headed out the window - is just unrealistic. Any tax cut based on those figures will be unable to be paid for without deep cuts that neither side is willing to make." The White House knows it, the Senate knows it, and judging...
...budget fight in the weeks to come will be a character test, more so than in the days when there wasn't enough money to do anything. Both sides have a long habit of spending money now that won't arrive until later, and promising that they'll cut something without saying exactly what. The fear is that Congress will get too drunk on prosperity to drive the budget home safely--and that's why conservatives aren't so keen about the party in the first place...