Word: costs
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Dates: during 1970-1979
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Most of the legislation on the congressional agenda reflects the members' cost-cutting mood. "Congress has an eye toward fiscal restraint," says Byrd. "In the last Congress we cut appropriations about $15 billion. In the upcoming Congress, we'll see a continuation of that mood." Edmund Muskie, chairman of the Senate Budget Committee, says he is determined to hold the line on spending. He admits that his committee work has modified his views. "I have been educated," he says. "I have become convinced that we've got to be more prudent and restrained and selective...
...aide that there is a "good mood on the Hill, an attitude of 'Let's get to work on the tough ones right away.' " So the President immediately threw a couple of tough ones into the hopper. Once again, he has asked for his hospital cost containment program, which was shelved last session after fierce lobbying by the medical profession. He also submitted a wage insurance plan, which is supposed to give unions an incentive to moderate their demands for pay raises. Under the plan, workers who accept wage increases of 7% or less would be compensated...
...measures stand a better chance. After the stunning success of airline deregulation, a coalition of Democrats and Republicans will try to remove the red tape that limits competition among railways and trucking lines. There also will be an attempt to reduce the blizzard of regulations from federal agencies that cost American business an estimated $150 billion a year...
...commuted, U.S. Attorney Harold D. Hardin warned Governor-elect Lamar Alexander that Blanton was about to release additional convicts, reportedly including Eddie ("Dusty") Denton, 25, a convicted murderer serving 60 years, for whom an $85,000 down payment had alledgedly been made on a commutation that was supposed to cost...
Spending on the panoply of social programs also grows. The cost of funding for Social Security, welfare, food stamps, civil service pensions and other income-security programs leaps 13%, to $179.1 billion. The trend continues upward largely because expenditures for many programs rise automatically with the rate of inflation. Social Security, at $115.2 billion, is by far the largest single item hi the budget, and the reforms proposed by Carter would save only $600 million...