Word: kerrey
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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...
Clinton's budget passed, but presidential wannabe Bob Kerrey stole headlines by posturing pathetically for days and finally giving an eloquent speech that would have been noble a month earlier but instead was only self-serving and arrogant...