Word: caps
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Dates: during 1980-1989
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...members of the Economics Department called the spending freeze impractical and unrealistic. Benjamin M. Friedman, professor of Economics, said that the cap is impractical if Reagan refuses, as he vehemently did in the address, to apply the inflation-adjusted limit to defense spending. "Rhetorically claiming to have a solution is different from actually having an effect," Friedman said...
...Governor Reagan tapped Weinberger to be his state finance director. "My personal Disraeli," Reagan has called his aide. Weinberger left Sacramento less than two years later to join the Nixon Administration, where his budget-paring skills as Director of the Office of Management and Budget earned him the nickname "Cap the Knife." The two men, who have become warm personal friends over the years, mirror each other's qualities: a mellow California poise combined with a wide streak of stubbornness. The blend gives each man his air of serenity and self-assurance...
...Weinberger gave too much control of the budget to the individual services, then tended to accept all the major weapons on the Pentagon's "wish list." Says Democratic Representative Albert Gore Jr., who helped lead the assault on the MX: "He's lost all credibility. Instead of Cap the Knife, he's Cap the Ladle...
...Office of Management and Budget, who feel that the defense buildup should be eased somewhat to curb the deficit. But Weinberger can carry the day singlehanded with the President by raising the specter of the Soviet threat. Says a top White House aide: "The President simply trusts Cap as a budgeteer more than he trusts Stockman as a budgeteer...
...national security. Therefore defense cannot be looked at as a part of a budgetary solution. Defense must be looked at as to what needs to be done to ensure our national security. This doesn't mean that if you can find places-and we are trying constantly, and Cap [Defense Secretary Caspar Weinberger] has been successful at it-where without reducing the rebuilding that we think has to be done, if we can find savings, fine. We will find them. We don't want to waste money, and we wouldn't do that. We shouldn...