Word: johnson
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Dates: during 1970-1979
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...Federal, state and local taxes are still in the vicinity of 30% of the gross national product in this country," says Walter Heller, chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson. He adds, "Taxes in most European countries run up to 35% and 45%. The only major country that's below us is Japan." As Heller sees it, the California revolt reflects local circumstances, including California's booming real estate market and Governor Jerry Brown's delay in promoting tax reductions. Recalls Heller: "Several of us economists were invited to Sacramento...
Assistant Secretary of State under Lyndon Johnson, Frankel is a professor of philosophy and public affairs at Columbia and head of the National Humanities Center in North Carolina...
...fact that Californians wielded a meat ax as they cut into taxes bothered many advocates of more moderate efforts to put limitations on government spending. Liberal Economist Walter Heller, chairman of the Council of Economic Advisers under both John F. Kennedy and Lyndon Johnson, noted in the Wall Street Journal last week: "Clearly, governments the country over need to be brought to book, they need to deliver more per dollar of tax, and they need to deliver excess tax dollars back to the taxpayer. But all of that can be readily granted without committing fiscal hara-kiri." To John Petersen...
Recalls L.B.J. Crony Jim Rowe: "He was rough and he was tough and he was ambitious as hell." Says Jack Valenti, a former Johnson aide: "Joe recognized that the Government is a great shaggy beast that sometimes hunkers down in the middle of the roadway. You have to kick it in the ass once in a while or it gets lethargic...
...years-with the exception of the brief Ford interregnum-and have come to require bigger and bigger doses of news intoxicants." Certainly neither Vance nor Brzezinski is as fascinating as Kissinger (their side comments are never as memorable as his), and Carter isn't as outlandish as Lyndon Johnson or as malignant as Nixon. What to do then...