Word: deficit
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Dates: during 1980-1989
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...personable Boskin was one of the main architects of Bush's flexible- freeze plan for cutting the budget deficit without raising taxes. To make ^ the freeze work, the Bush team would have to limit increases on most domestic spending to the inflation rate and at the same time boost economic growth and reduce interest rates. Many economists think that combination would be quite tricky to arrange. Says Lawrence Summers, a Harvard professor and former adviser to Michael Dukakis: "I would not want to skate on a flexibly frozen lake...
...with two other, better-known members of the President's economic team: Richard Darman, the designated head of the Office of Management and Budget, and Nicholas Brady, the Treasury Secretary. Darman has already emerged as Bush's chief strategist for the coming slugfest with Congress over the budget deficit; Brady, a close friend of the President's, has staked out Wall Street reform and U.S. competitiveness as his turf. But Boskin may hold his own; he has a rapport with the President that Darman lacks and more conceptual depth than Brady...
...money game, or more precisely the lack-of-money game, began its long and intricate course in earnest last week. There were direct signals, mixed signals, contradictory signals -- something for everybody. The central point, however, was unambiguous. A debate rages over the exact effect monumental federal deficits have on the nation's economic health and its role as a world leader. But the President left no doubt that he disdains those who claim that deficits do not matter. If asked, Bush would undoubtedly agree with the assessment of Alice Rivlin, a former head of the Congressional Budget Office. "The budget...
Bennett, if confirmed, will oversee and coordinate all the Government's drug efforts. Next to the deficit, drugs are the hot spot of politics. Like Bush, Bennett believes the U.S. must sharpen attacks on both the supply and the demand ends of the drug trade. But long ago he saw that education was the only way finally to control the scourge. "The core problem is the children," he told friends, "particularly children in the big cities. They are dying from drugs...
Many politicians and economists want to boost the levy to cut the budget deficit, but powerful opponents would rather fight than pay. -- Barred from using polygraphs, employers seek an integrity test...