Word: kerrey
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Dates: during 1990-1999
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Complicating the equation is another promise that the President made in order to pass his budget plan: establishing a bipartisan commission on entitlement reform, led by Nebraska Democratic Senator Bob Kerrey and G.O.P. Senator John Danforth of Missouri. The tentative consensus within the White House leans toward dynamic inaction, waiting for the commission's report in May to test the political waters on paring entitlements. But that would still leave unresolved a ticklish problem: Where would the savings from entitlement reform go? Congress is awash with it's-the-deficit-stupid fervor, while the Administration covets new money...
WASHINGTON -- Senators Bob Kerrey and John Danforth, co-chairs of the Bipartisan Commission on Entitlement Reform -- the group President Clinton agreed to back in order to win Democrat Kerrey's crucial vote on the budget -- appear set to pick Fred Goldberg, the IRS chief under Bush, as their executive director. Goldberg is an advocate of shifting federal taxes away from income to consumption, as are -- in a general way -- Danforth and Kerrey. This worries Clinton economic advisers. Having been singed already this year by a VAT scheme, they don't want the President to be associated with any similar proposals...
...even that figure amounts to an uncomfortable 4.1% of gross domestic product. So Penny has taken Clinton at his word about welcoming more input from Congress. He and Ohio Republican John Kasich are sponsoring a proposal for $103 billion in further cuts over five years. In the Senate, Bob Kerrey of Nebraska, who gave Clinton his one-vote margin of victory on the budget, is trying to patch together a $100 billion deficit- cutting plan...
...thankless task. The Penny-Kasich House version includes a politically risky reduction of Medicare payments for recipients who earn $75,000 or more in adjusted gross income. Penny can afford the risk -- he has already announced that this will be his last term in the House. And Kerrey, who has no plans for retirement soon, knows what he's up against. "I could walk into the Senate with a headband in Japanese lettering, salute the Emperor and go to my death offering major deficit reduction," he laments. Should a ceremonial sword be the prize for lawmakers who dare to give...
...inevitability. The public call for reform long preceded Clinton's speech last Wednesday, or even his election last November. Pennsylvania Senator Harris Wofford reacted to the desire for universal health care long before Clinton did. And the person whose presidential campaign focused most on health care was Bob Kerrey, not Bill Clinton...