Word: cea
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Dates: during 1980-1989
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Last year Regan sharply clashed with Feldstein, rejecting the CEA chairman's contention that taxes had to be raised substantially to cut the deficit. With all the good news, many Reagan Administration officials would seemingly prefer just to sit back and let the good times roll than worry about deficits. - By John Greenwald...
...President can cut taxes, increase military spending and still have a sustained economic recovery. Regan won a round earlier this year when Feldstein drastically underestimated the strength of the recovery, earning himself the nickname "Dr. Gloom." More recently Regan has been battling with Feldstein over the deficit. The CEA chairman argues that excessive deficits will drive interest rates high enough to choke off the boom. Regan insists that there is no hard proof of this. Even if the deficit persists, he argues, the White House can afford to wait until 1985 to reduce...
...must have attacked the field with a vengeance, because at the tender age of 28 he has already knotched tenure at Harvard, a plum position on the staff of President Reagan's Council of Economic Advisers (CEA), and a reputation as one of the rising young stars in the field...
Plunked down sloppily in a chair in his spacious office adjacent to that of former mentor and friend, CEA Chairman Martin S. Feldstein, Summers seems almost out of place--as if he were back in Cambridge leisurely receiving a visitor during office hours. But as the 45-minute interview progresses and the public finance expert is constantly interrupted by a stream of telephone calls or colleagues asking for a quick bit of advice, the outsider is brought back to Summers' real present world of three-page memos, staff meetings, and access to some of the Administration's top policy makers...
Feldstein has already moved to bolster the influence of the CEA and reassert its in dependence from OMB and the Treasury. Even before his confirmation hearings, Feldstein was busy staking out turf for himself in the interdepartmental policy group known as T-l (for Economic Troika One), which consists of Treasury Secretary Donald Regan, Budget Director David Stockman and the chairman of the CEA. In weekly break fast meetings of the group, Feldstein has managed to hold his own in even the most esoteric of budget debates with Stockman, who possessesa daunting reputation for his deft handling of twelve-digit...