Word: gramm-rudman
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...question remains whether Congress iswilling to raise revenue in other ways or cut thebudget unprotected by Gramm-Rudman...
...Congress will modify Gramm-Rudman to putit into a form that passes. The cuts will be aboutthe same," Feldstein said...
Marglin said that the Congress would have doneaway with Gramm-Rudman soon, because it wouldn'tbe able to withstand the political pressureagainst deep budget cuts. The court's ruling was"a neat, surgical way. The same result could havebeen achieved in a more underhanded way," he said...
Marginal cuts will still take place, accordingto Marglin, but they will not be as drastic asthose outlined by Gramm-Rudman...
...automatic budget cutting mechanism wouldgreatly reduce battling among interest groups,said Parker. "The virtue of Gramm-Rudman is thatit would force difficult decisions to the front ofthe agenda. A lot of people have no trust inCongress to discipline itself," he said