Word: forecasts
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...billion deficits, the burgeoning Pentagon budget seems to be the obvious place to attack. In such a $258 billion behemoth, how could there fail to be fat by the ton? The fiscal 1983 Defense Department requests are up 13.2%, after inflation, from the current year, and the five-year forecast calls for spending a total of $1.6 trillion, an amount that Ronald Reagan might try to make comprehensible by describing a stack of dollar bills 107,000 miles high. Reflecting on these towering sums, New York Democratic Senator Daniel Patrick Moynihan flatly predicts: "The proposed defense increases aren...
...billion under President Ford in 1976. Even if all his proposals are enacted, Reagan calculates, the deficit would shrink only to $91.5 billion in the coming fiscal year, and would be $82.9 billion in fiscal 1984, the year for which Reagan's 1981 budget message had forecast a small surplus. The inescapable conclusion: somehow in twelve months there had developed a $100 billion misunderstanding...
Face reddening, voice rising, Stockman struck back: "If you don't like our budget forecast, then you're free to go up to the Congressional Budget Office and get another set. Nobody was tricked or misled." Confronting Glenn, he said: "I don't appreciate that, and I hope you won't find it necessary to bring it up again...
...Salvador, they will act their bodies to the side the very least, they won't lend their brains and their bodies to the side that has caused the problems in the first place. That if they know about the recklessness of corporations they'll stay away from them. That forecast is optimistic. Many will decide exactly the opposite: if the world is breaking apart they're going to get theirs while the getting is good. Maybe there are more people who will fall into the first group, and maybe not. But finding out is worth the chance--if in blissful...
...toughest problem that the White House faced in shaping the speech was to produce a forecast of dwindling deficits and a believable strategy for bringing them down. For months, the President's economic advisers have been locked in a dispute over those subjects that was a mixture of charade and reality. It did no harm to publicize predictions of a raging tide of red ink if nothing were done about spending and taxes. "We're dealing with perceptions here," explained one White House aide, "and the perception is that Reagan is bringing the deficit down after...