Word: gramm
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Dates: during 2000-2009
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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...
...third time in six weeks, the stalemate over Gramm-Rudman nearly paralyzed the Government. The amendment, a rigid formula for budget cutting that has aroused concern even within the President's Cabinet, is attached to a bill to raise the national-debt ceiling to more than $2 trillion. Congress was faced with the threat of the Government going bankrupt in a matter of days unless the debt limit was increased. Failing once again to reach a compromise on Gramm-Rudman, the legislators granted the Government a one-month extension on its borrowing power. Upshot: by Dec. 12, Congress...
...reach a zero annual deficit by 1991, the original version of Gramm-Rudman called for severe spending cuts in many social programs and in at least a chunk of the Pentagon budget. House Democrats have countered with a bill that could take a bigger bite out of the military while protecting food stamps, Social Security and veterans' benefits...
Alexander, a former Governor of Tennessee, warned that if Republicans nominate another Washington "insider" like Dole or Senator Phil Gramm of Texas, protest votes will flow to the third-party candidate and deliver the White House to Clinton in "a rerun of 1992." Meanwhile, Charles Black, chairman of the Gramm campaign, sipped a Diet Coke and tried to do his bill paying while watching Perot's announcement, but had to put the checkbook aside and take notes. "By the end of the show," he said, "I'd written down a dozen potential election-law violations" in Perot's announced plans...
...insisted on a careful re-evaluation of every Cabinet member. A number of first-termers were planning to leave of their own accord, whereas others, the Administration official said, were discreetly pushed. In Snow's case, the White House chose to take its time. Consideration was given to Gramm and Forbes. But as the Administration official put it, "For every good thing they brought to the table, there was something offsetting." As a maverick tax cutter, Forbes was seen as a bad fit to lead Bush's team of loyalists. And Gramm, never well liked on Capitol Hill despite...