Word: kermit
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...DEAR KERMIT," wrote Molly Gordon to her husband not long ago, "now that you are leaving your job of directing the federal budget, I suppose you will be taking on again your old job of directing our family budget. I read that you have attempted to steer a national course between profligacy and parsimony. Well, I have been trying to follow this middle-of-the-road course with our family finances, but I have discovered that it's in the middle-of-the-road that most of the accidents seem to happen...
Though originally appointed by President Kennedy, Budget Director Kermit Gordon came into his own in Washington under Lyndon Johnson. Reason: Gordon succeeded in keeping two consecutive budgets below the magic $100 billion mark, a feat that won him the ardent affection of figure-conscious Johnson...
Crossed Fingers. At the Joint Economic Committee hearings, Economist Seymour Harris of the University of California at San Diego pointed out that eleven of 15 so-called "leading indicators" are on the rise. Said Budget Director Kermit Gordon: "The present healthy expansion will keep going through a fifth consecutive year." About the only word of caution came from Raymond J. Saulnier, who had been President Eisenhower's chief economist; pointing to a rapidly lengthening work week and "incipient inflation," he said that the economy shows signs of "overheating," and he warned, "Don't push your luck...
Martin, Douglas Dillon and Budget Director Kermit Gordon are lobbying for measures that would drastically affect the nation's foreign and domestic policies. Among the proposals that one or all three of them have forwarded: an exit tag of $50 or $100 per person to discourage tourism abroad, direct controls on U.S. investments abroad, a further cutback in foreign aid and, if necessary, a sharp reduction of U.S. troop strength in Europe. These proposals have been hotly debated at a series of secret meetings in the White House. The State Department is dead set against foreign aid cuts...
...would be well-nigh impossible, complained President Johnson during his long sessions with Budget Director Kermit Gordon at the LBJ Ranch, to squeeze Government spending next year to less than $100 billion. There was no magic in the arbitrary $100 billion figure. Having mentioned it, however, Johnson was able to display a flourish of frugality when he sent Congress a budget this week calling for $99.7 billion...