Word: darman
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Dates: during 1990-1999
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America must continue to take risks and continue to grow in order to keep alive the country's romantic spirit, said national budget director Richard G. Darman '64 at the Kennedy School of Government last night...
...must continue to foster the policies of growth, the risk-taking of pioneers in all walks of life and the romantic spirit that has given the world the American example," said Darman, director of the Office of Management and Budget at the White House. Speaking to an audience of more than 500 people in a jammed Institute of Politics Forum, Darman issued a call to all Americans to preserve the country's greatness into the next century...
Still, the fact that some Republicans had been caught up in the initial fascination with the Moynihan plan led the White House to launch a hasty counterattack. Budget Director Richard Darman presented Congress with a plan for a Social Security Integrity and Debt Reduction Fund that would require the Federal Government to gradually stop using the surplus to cover Government operating costs. The plan would not begin to take effect, however, until after the 1992 presidential election, and then only in stages. "Phased integrity," Republican Senate Leader Bob Dole mischievously called...
...slowdown is already undermining the credibility of the Bush Administration's first full-fledged budget, which calls for expenditures of $1.23 trillion in fiscal 1991. Budget Director Richard Darman was able to squeeze under the Gramm-Rudman-Hollings deficit target of $64 billion but only by using assumptions that call for a quick rebound in economic growth, coupled with a rapid descent of interest rates. Many economists view that combination as highly implausible. While the Administration predicts economic growth of 2.6% in 1990 and 3.3% in 1991, the blue-chip survey of 51 economists puts the figures...