Word: budgets
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Bowman, a Pforzheimer House resident, has been one of the most prominent student advocates in budget-cut related issues over the last year, involved with groups ranging from the Student Labor Action Movement to the Restructuring Student Life student-faculty working group...
...insider Harry T. Rimalower ’10 said he thinks the tickets plan to focus on different issues—Hayward and Zhang on student groups, and Bowman and Hysen on budget cuts...
...Budget cuts are going to cast a shadow over everything,” Rimalower said. “It’s going to be question of how much [Hayward and Zhang] can draw attention to student groups...
...good ideology, was retailing a myth. Ronald Reagan is remembered for the massive tax cuts passed during his first year in office. But since deficits do matter - and since Reagan's so-called supply-side cuts blasted an enormous hole in the budget - the President had to come back in 1982 with the largest peacetime tax increase in American history: the Tax Equity and Fiscal Responsibility Act, which raised $37.5 billion, or 1% of gross domestic product (GDP), per year. He also signed a $3.3 billion gasoline-tax increase. The next year, he signed another whopping tax hike, designed...
...second prevailing myth of the Reagan Administration, quietly peddled by budget director David Stockman, went like this: O.K., supply-side economics is a phony, but we can use the growth of budget deficits as an argument for limiting the growth of government. That didn't work out so well either. The public demanded its entitlement programs - deficits be damned - and a strong defense, and loved having politicians who secured funding for a Yo-Yo Hall of Fame in their district. Deficits grew until the combined actions of George H.W. Bush and Bill Clinton caused the deficits to stop growing...