Word: gramm
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Dates: during 1980-1989
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...could Bush not cave in? If a budget stalemate develops because both the President and Congress hang tough, mandated Gramm-Rudman reductions will force an estimated $40 billion in cuts. Defense, the area Bush most wants to protect, will take half of that blow...
...buildings could provide jobs for an estimated 4,000 construction workers. The completed facility is expected to employ 2,200 scientists and engineers, as well as 1,300 support staffers. It was certainly plausible to suspect that such powerful Texas politicians as President-elect George Bush, Senators Phil Gramm and Lloyd Bentsen, and House Speaker Jim Wright had twisted a few arms to get their state...
...There is something in the heart of every politician that loves a military installation," declared Texas Senator Phil Gramm about Capitol Hill's ingrained tradition of preserving obsolete forts. Thus it was truly historic last week when Congress approved a measure that could actually shut down some useless installations -- say, Fort Douglas, Utah, which was founded to guard stage-coach routes, or Fort Sheridan, Ill., which mainly protects its 18-hole golf course...
...arguments advanced by their predecessors four years ago -- the Democrats, obviously, have avoided promising to raise everyone's taxes this time around -- there is no indication that either one of them would do anything other than the last election's winner: sign off on a bipartisan effort like Gramm-Rudman-Hollings that accomplishes essentially nothing...
Wall's spending spree is motivated partly by deadlines, he acknowledges. The regulator wants to expedite bailouts before the current fiscal year ends, on Sept. 30, so that next year's FSLIC spending will stay within the confines of the Gramm-Rudman deficit-reduction law. Wall's next rescue candidate could be a whopper: the American Savings and Loan Association of Stockton, Calif., whose bail-out may cost $2 billion...