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...Congress holds it out. They can borrow as much as $250,000, to be repaid in up to 20 years at the virtual giveaway interest rate of 3%. The eligibility rules, moreover, were written so loosely that far more farmers qualify than anyone expected. Sadly concedes Democratic Congressman Robert Giaimo, whose House Budget Committee has tried in vain to keep a lid on the program's overflowing costs...

Author: /time Magazine | Title: The Nation: SBA No! | 11/14/1977 | See Source »

House Speaker Tip O'Neill and other Democratic congressional leaders were stung. In a stormy confrontation. Connecticut Democrat Robert Giaimo. chairman of the House Budget Committee, warned Rivlin during a committee meeting to shut up in public...

Author: /time Magazine | Title: POLICY: Everyone's Wild Over Alice | 7/18/1977 | See Source »

...think you're working for anyway?" stammered Giaimo. "Congress or the general public...

Author: /time Magazine | Title: POLICY: Everyone's Wild Over Alice | 7/18/1977 | See Source »

...Giaimo now talks about creating specific guidelines to govern the way the CBO releases its reports-meaning a muzzle for its chief...

Author: /time Magazine | Title: POLICY: Everyone's Wild Over Alice | 7/18/1977 | See Source »

...bombast on both sides, few of Rivlin's critics really believe she will ever become the bureaucratic wallflower some would dearly like her to be. This week she is scheduled to appear again before Bob Giaimo's House Budget Committee and give her colleagues' views on the economy's course for the rest of 1977. Her outlook will probably be much less radiant than the official Administration forecast-and thus cause for yet another round of muttering by agitated politicians...

Author: /time Magazine | Title: POLICY: Everyone's Wild Over Alice | 7/18/1977 | See Source »

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