Word: counterbudget
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...just the moment when that approach appeared to be bearing fruit, with Clinton's poll numbers rising and the Republicans beginning to squabble among themselves over tough spending cuts, the President waffled. During a New Hampshire radio interview, he said he would propose what he called a "counterbudget" embracing the G.O.P. goal of balance by a certain date. "I think it clearly can be done in less than 10 years," he added. The White House tried to play down the remarks as only somewhat inconsistent. Several days later, however, Clinton reversed himself again, saying it was more important to safeguard...
...Democrat-controlled House, the trouble was both more predictable and more serious. The Democrats last week produced what amounts to a full counterbudget. Its politically appealing main elements: spending reductions that the Democrats say would slightly exceed Reagan's but give more money to social programs and less to defense; and a one-year tax cut some $14 billion smaller and much less sweeping than the President's. The promised results: a deficit in fiscal 1982 only about half the size of the one that Reagan's plan might produce; and a balanced budget by fiscal...
...Republicans promptly assailed the program as the product of some highly questionable arithmetic. Nonetheless, the House Budget Committee last week voted 17 to 13 to reject Reagan's spending and revenue estimates and substitute a set prepared by Chairman James Jones of Oklahoma, the principal architect of the counterbudget. Noted Jones: "The Administration says that its budget is untouchable. No Administration has ever made such demands, and no Congress has ever accepted such demands." Only one Democrat, archconservative Phil Gramm of Texas, sided with the twelve Republicans in support of the President. Thus when Congress broke on Friday...
...conservative Democrats who hold the balance of power may yet vote for a set of spending and revenue estimates closer to the President's figures than to those of their own party. House Speaker Tip O'Neill conceded last week that the Democrats are launching their counterbudget "at an inopportune time," when sympathy is rising for a President recuperating from an assassination attempt. In a visit to Reagan's hospital bed, O'Neill reported that his mail, which had swung against the White House budget before the assassination attempt, had turned pro again and added...
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