Word: gramm
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Dates: during 1980-1989
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Stan Lundine is also Cuomo's man. A candidate for lieutenant governor, Congressman Lundine voted in favor of the Gramm-Rudman balanced-budget act. Lundine is also boring. Lundine is also no threat to Cuomo...
...economists expect Congress to pass a budget bill this fall calling for a 1987 deficit of no more than $154 billion, as mandated by the new Gramm-Rudman law. Not all of that reduction is likely to be achieved, however. Rivlin predicts that next year's deficit will be in the $175 billion range. TIME's board members agreed that Gramm-Rudman's 1988 deficit target of $108 billion is out of reach, in part because the needed spending cuts would be too painful politically. As a result, they said, Congress will resort to revising the Gramm-Rudman targets...
...least popular: raising taxes to reduce the deficit. The survey found that 65% of Americans would be more likely to select a candidate who favors "automatic reductions in Government spending to reduce the federal deficit." But that does not mean candidates have a sure issue in support ing the Gramm-Rudman budget-cutting approach: 56% said they would be more likely to vote for someone who favors "more Government spending for social programs to help lower-income Americans...
Although Congress is stretching its fiscal imagination, juggling budget figures to stay below the $144 billion debt limit set for next year by the Gramm-Rudman-Hollings Deficit Reduction Act, there was little talk of restraint on the subject of curbing drug abuse. House Speaker Tip O'Neill last week said he would favor new taxes to pay for the plan. "I'm afraid this bill % is the legislative equivalent of crack," said Massachusetts Democrat Barney Frank, one of the handful of Congressmen who voted against the package. "It yields a short-term high but does long-term damage...
...apparently feel no such restraints. Under pressure to "do something," they realize that a lawmaker who does nothing about drugs on the eve of an election puts himself at political risk. "If our country was invaded by a foreign force, the Administration would not be raising the question of Gramm-Rudman," says Democratic Congressman Charles Rangel of Harlem. This week the House will take up a $2 billion-to-$3 billion antidrug package that will fund every weapon in the war on drugs, from more radar balloons for the border patrol to more drug-treatment centers in the ghetto...