Word: gramm
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...Government, the President would prefer to see private business and local government lead the way, or at least foot the bill. As they labor to come up with a program to fulfill the goals Reagan announced last month, White House aides realize that in the era of Gramm-Rudman they must fight drugs on the cheap. One top Administration official privately tempered the President's high-flown rhetoric with bottom-line bureaucratese. Said he: "You've got a zero-sum game as far as budgeting goes...
...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...
...economists still expect a second-half pickup. Right now, though, the slowdown has presented policymakers with a painful dilemma. According to the latest Government forecasts, the federal deficit will total $163.4 billion during the fiscal year that begins this October, about $20 billion above the target set by the Gramm-Rudman law. But some economists fear that new cuts of even $10 billion in Government spending could be enough to tip a weakening economy into recession...
With the economy on slow, the Congressional Budget Office is predicting that the deficit in 1987 will drop, but only to around $173 billion, $29 billion more than Gramm-Rudman mandates...
...farm subsidies are swelling the already bloated federal budget. U.S. spending on agricultural price and income supports, which totaled $17.8 billion in fiscal 1985, is expected to reach a new high of $35 billion this year. "It's ridiculous," says New Hampshire Senator Warren Rudman, who co-sponsored the Gramm-Rudman deficit-reduction bill last year...