Word: fiscal
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Dates: during 1970-1979
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...Says a White House aide: "We just have to look at some of these things and ask ourselves: 'What are we buying? What's the real effect?' " The ax is poised over three departments in particular: Health, Education and Welfare, HUD and Labor. They will spend $214.3 billion in fiscal 1979, or about 44% of the current $491.6 billion federal budget. Their spending, moreover, has increased in the past few years. Outlays for what is defined as "education, training, employment and social services" have jumped from $21 billion in fiscal 1977 to an estimated $30.4 billion this year. Even though...
...Economist Murray Weidenbaum, head of the Center for the Study of American Business at Washington University. He divides the costs into two categories. The first is administrative costs, which consist of visible federal spending on regulatory agencies. These have rocketed from $745 million in 1970 to $4.8 billion this fiscal year. Large as this is, it only hints at the real burden...
...Olympia Snowe, a G.O.P. state senator in Maine, won election to Congress by taking a conservative stance on fiscal issues and hiking 450 miles through her rural district to meet the voters. She out-legged Democratic Secretary of State Markham Gartley by eight percentage points...
...bound to cause will be how much he can hold down federal spending and stem the flow of budgetary red ink. In January the Administration will send Congress proposals for small cuts designed to knock as much as $3 billion off the $39 billion deficit now forecast for fiscal 1979, which started Oct. 1. Over the weekend, as an earnest of his anti-inflationary intentions, Carter vetoed bills that in effect would have limited imports of low-priced beef and textiles and appropriated ten times as much money as the Administration had asked for the training of nurses; in addition...
More important, the President has sworn to reduce the deficit for fiscal 1980 to $30 billion. To the dismay of some liberal advisers, he told an October meeting of Cabinet members and the White House staff that "my political future" depends on redeeming that pledge, which meant that nobody should dare bring him ideas for new programs...