Word: gramm-rudman
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Cambridge activist Johnston demonstrated her"Stretch-A-Buck" campaign theme with a rubberdollar bill. She said the Gramm-Rudman law'srequired budget cuts could be made in "the fat,not the flesh" of the government's spendingprograms...
...Congress begins consideration of President Reagan's proposed budget under the new Gramm-Rudman budget balancing law, a special three-judge panel will rule tomorrow on the constitutionality of Gramm-Rudman, which mandates a balanced budget...
...first presidential budget to besubmitted under the new Gramm-Rudman budget law,which would force an end to government deficitspending by 1991. Automatic cuts of around $40billion will be triggered next October under thelaw if there is a budget deadlock between Reaganand Congress...
...first round of Gramm-Rudman cuts, totalling$11.7 billion, have already been triggered. Theywill take effect on March 1. Figures in thepresident's new budget reflect the lower spendinglevels already in place because of these initialcuts...
King called Gramm-Rudman "taxation without representation," adding that the automatic budget cuts the act mandates would shift power from Congress and the judiciary to the executive branch of the Federal government. He also said the bill would cut social programs, including student aid, to dangerously low levels while protecting excessive military spending...