Word: friedman
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Dates: during 1980-1989
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...economist said the court's removal of Gramm-Rudman's mandates will not improve the process of agreeing on a budget. Congress and the Administration will probably return to a stalemate about where and how to reduce the deficit, said Benjamin M. Friedman, Harvard professor of economics...
...There's no question that Congress would liketo lower the deficit, but their methods of gettingthere--decreasing military spending and taxincreases--are not acceptable to theadministration," said Friedman...
...elimination of the automatic cuts will"increase the chance that the administration willhang tough and not go along with Congress'suggestions," Friedman said...
Congress approved a budget of nearly $1trillion on June 27, projecting a deficit of$142.6 billion, which is within the range requiredby Gramm-Rudman. The economic problems will notappear in the 1987 budget, but the "real crunchwill come in a few years," Friedman said...
...lawyer described all the ways he could shelter his six-figure income. "I wasn't just a player," he recalls. "I was a depreciable asset." On one road trip, when his teammates went to the movies to unwind, Bradley curled up with heavy tomes by Economist Milton Friedman and Tax Specialist Stanley Surrey and first read that tax rates could be greatly lowered if loopholes were closed...