Word: gramm-rudman
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...exchange was tense but predictable. Meeting with congressional leaders last week, Ronald Reagan reiterated his support for the controversial Gramm-Rudman amendment to balance the budget in five years. The President also insisted that Gramm-Rudman did not give Congress the right to rescind its earlier agreement to increase defense spending by 3% above inflation in the next two fiscal years. As lawmakers tried to explain that both the Senate and the House versions of deficit reduction call for deep cuts in military spending, Reagan gruffly insisted that a right-minded Congress could indeed achieve a balanced budget without sacrificing...
...accounting gimmicks to get around them. The most famous example is the 1985 Gramm-Rudman-Hollings Act, which was passed at a time of surging deficits and required deep spending cuts to be enacted automatically if Congress failed to do the job. "The first time we pulled the Gramm-Rudman trigger, it went off. The second time we pulled it, it went off," former Senator Warren Rudman recalls ruefully. "The third time we pulled it, it misfired, and by the fourth time, they took away...
...nonetheless represented a district peopled mostly by conservative Democrats who favor gun rights and deregulation. "I always admired Harry S. Truman," Synar told the Associated Press in 1994. "He fought special interests, and he told it like it was." So did Synar, generally. He railed against the widely popular Gramm-Rudman law designed to prevent deficit spending during the 1980s. President Clinton today paid tribute to Synar, calling him "a brave and unflinching public servant who in tough political times remained true to his principles." Those principles ultimately proved too liberal for Synar's constituents. Synar lost the 1994 primary...
...Gramm is neither Speaker of the House nor majority leader of the Senate. His place in the revolution's vanguard was secured by virtue of his role as the True Believer, a title he alone can claim among his presidential rivals. He would have voters see him as the staunch ideologue whose time has finally come, an uncompromising conservative even in the darkest days of Democratic hegemony. In announcing his candidacy, Gramm played up his co-authorship of the ill-fated Gramm-Rudman deficit-reduction plan, as well as his unbending resistance to the Clinton health-care plan. In these...
Proponents claim that as Constitutional law rather than mere statute, the Amendment will have an undeniable authority. In fact, it will only reduce a piece of the Consitution to the same laughable level of importance as Gramm-Rudman. If there were a truth-in-naming law for legislation, the BBA should in fact be named the Yearly-Perfunctory-Ritual agreement. As Congress fails to meet the budget targets mandated by the amendment, taxpayers will be treated to yet another annual showdown, like those that often accompany the passage of the budget. A two-fifths minority (not difficult to collect) will...