Word: democratically
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Dates: during 1980-1989
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Warning of "runaway growth" in state spending, the influential House Democrat offered a pared-down budget with a bottom line of $12.3 billion in direct appropriations, compared to the $12.87 billion proposed last month by Gov. Michael S. Dukakis...
Conservatives, including business groups and anti-tax forces, were pleased. Senate Minority Leader David Locke was so taken with Voke's approach that he proposed making the Chelsea Democrat an honorary Republican...
...federally insured thrifts had fallen into insolvency as of the beginning of last year. Because the U.S. failed to own up to the problem and launch a major rescue soon enough, the cost has now grown higher than almost anyone had imagined. Says Michigan Democrat Donald Riegle, chairman of the Senate Banking Committee: "We've never faced a problem of this scale. The answers aren't going to be happy ones...
...system must be accompanied by major reform." For the most part, his proposal found bipartisan support. Said Iowa Republican Jim Leach, a member of the House Banking Committee: "In his first inning, Bush has stepped up and hit a home run." Another member of the committee, New York Democrat Charles Schumer, said that Bush deserves "a heck of a lot of credit for bellying up to the bar and putting a real plan on the table." Most Washington insiders think the bill will move quickly. "This package is a speeding bullet. The lobbyists will...
...simply to bolster the banking industry's reserve fund so that it does not run into the same problems encountered by the FSLIC. In the end, at least some of the increased costs will probably be passed along to consumers, since thrift profits are already squeezed. Said Texas Democrat Henry Gonzalez, chairman of the House Banking Committee: "The little consumer will pay in the form of higher fees on checking accounts, new fees for automatic tellers and a myriad of other charges...