Word: grammes
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...Treasury Secretary John Snow as the leader of his second-term economic team last week, the White House's list of possible replacements had multiplied. According to a senior Administration official, Bush was considering erstwhile presidential candidate and publisher of Forbes magazine Steve Forbes, and former Texas Senator Phil Gramm. The White House also looked at a couple of Wall Street types...
...then there is Kerry's record on deficits and spending. Conservative Democrat Fritz Hollings says he will never forget when he was collecting votes in 1985 for the Gramm-Rudman-Hollings budget-balancing legislation and practically every senior Democrat in the Senate shut him down. So he started trying the youngsters, including the new Senator from Massachusetts, who shocked him by responding, "We're in trouble; this budget has gotten out of hand." Kerry's support opened the door for other Democrats to vote for the measure. "Here I was--I couldn't even get conservative friends on this bill...
KERRY: That's a phony label that people try [to apply], but it doesn't work. Do you know the first thing I did when I got to Congress in 1985? I joined with Fritz Hollings as one of the original authors and sponsors of the Gramm-Rudman-Hollings deficit-reduction bill. It was heresy at home, but it proved to be the right policy. I've voted for welfare reform, one of the major defining issues of the decade, because I felt we needed to change the culture. We needed to make work valuable. And I've been...
...Government is nipping at the problem elsewhere. Hard-core technophiles get queasy at the notion of Congress creating laws that tell them how to do their arcane jobs. Yet three of the most significant laws of the past 10 years--the Health Insurance Portability and Accountability Act (1996), the Gramm-Leach-Bliley financial-modernization law (1999) and last year's Sarbanes-Oxley corporate-reform act--all have mandates to protect and secure data. Still needed, Geer argued, are laws that hold companies liable for holes in their security that make us vulnerable to attacks from elsewhere. Responsibility for passive negligence...
...Congress - over exactly how much money is appropriated to which security measure. There are also concerns among Democrats and Republicans over several last-minute provisions tacked onto the HSD bill, including one (which raised particular hackles) that provides Texas A&M University - a favorite of retiring Senator Phil Gramm - special consideration for the creation of an academic homeland security research center...