Word: domenici
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They were sitting side by side, but Laura D'Andrea Tyson and Pete Domenici were worlds apart on the issue. How it's resolved in Washington's budget showdown will affect almost every American. "This is too much too fast," said Tyson, who argued that the Republican plan to balance the budget in seven years favors the wealthy. But Domenici looked at the same picture through a different lens. Without bold and rapid cutbacks, he contended, middle-class Americans will be saddled "for a long, long time to come with the hidden tax of having to pay the interest...
Republicans insist, however, that the economy needs a balanced budget in seven years, even if it causes pain. "The major, major difference between the President's budget and ours," Domenici said, "is the almost total lack of restraint on entitlements in the President's [program]." Concurred David Wyss, the chief financial economist at DRI/McGraw Hill: "If you do not get those cutbacks in entitlement programs, you're not going to get the budget balanced or keep it balanced...
...session in our Washington bureau, we invited some mainstream economists, of course, including David Wyss of DRI/McGraw Hill and Allen Sinai of Lehman Brothers Global Economics. But we also added a U.S. Senator (Pete Domenici), one of Clinton's top economic advisers (Laura D'Andrea Tyson), a Cabinet member (Labor Secretary Robert Reich), a specialist on minority economics (Margaret Simms of the Joint Center for Political and Economic Studies), a conservative economist (Stephen Moore from the Cato Institute) and a New Democrat (Rob Shapiro of the Progressive Policy Institute...
...children born into welfare families or to teenage mothers. My amendment does not, as some have implied, endorse additional payments to welfare families or adolescent mothers, nor does it impose another federal mandate on states. It only gives states the option of determining who deserves welfare benefits. PETE V. DOMENICI U.S. Senator, New Mexico Washington...
...find a job and can spend a total of just five years on the rolls. But Republicans also smoothed some of the hard edges by agreeing to a Democratic proposal to provide a total of $8 billion for child care for welfare mothers who get jobs. It was Pete Domenici, the Republican chairman of the Budget Committee, who led the coalition of moderate Republicans and Democrats that successfully rejected the controversial "family cap," a proposed limit on payments to unwed mothers who have more children while on welfare. Senate Republicans have also joined with Democrats to restore a long list...