Word: marglin
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Dates: during 1980-1989
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...decision shows great wisdom. Everybodywill breathe a sigh of relief," said Professor ofEconomics Stephen A. Marglin...
...Marglin said that the Congress would have doneaway with Gramm-Rudman soon, because it wouldn'tbe able to withstand the political pressureagainst deep budget cuts. The court's ruling was"a neat, surgical way. The same result could havebeen achieved in a more underhanded way," he said...
Marginal cuts will still take place, accordingto Marglin, but they will not be as drastic asthose outlined by Gramm-Rudman...
...Marglin said that Congressional politickingwill play a greater role in the budget cuts issueas a result of the court's ruling. "Senators likedGramm-Rudman because they did not want to takeresponsibility for cuts in aid to the poor. Theruling forces them to make choices," he said...
...might have been a catalyst that would have brought pressure for peaceful change that now seems impossible. Divestiture now would be as cynical and irrelevant as Ronald Reagan's sanctions. At this point we would do better to bear the shame of our past record silently. Stephen A. Marglin '59 Professor of Economics