Word: mclntyres
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Despite these distractions, businessmen find tune for many formal talks and weighty pronouncements. At various closed-door working sessions this time, members debated policy with Federal Reserve Chairman William Miller, Budget Director James Mclntyre, Commerce Secretary Juanita Kreps, Presidential Trade-and-Inflation Aide Robert Strauss, CIA Chief Stansfield Turner and Economist Alan Greenspan...
Just how did the OMB arrive at these figures? Director James Mclntyre admitted to the subcommittee that the report was based on a combination of guesswork and the honor system. Said he: "We all have to rely on information from Government agencies." Retorted Chiles: "The IRS has to rely on the information it gets from people too, but the process is greatly helped along because we know it does audits...
...control and, in the long run, to fight inflation. But his program would cost HEW a staggering $30 billion a year in addition to the current $43 billion. Although he was backed by White House domestic advisers, Califano was opposed by Treasury Secretary W. Michael Blumenthal, OMB Director James Mclntyre and Charles Schultze, Chairman of the Council of Economic Advisers. They argued for a smaller program, one that would not cost more than $15 billion to $27 billion. Whatever the President decides, Congress is distinctly cool to the idea of adding to the already inflationary budget deficit. Capitol Hill also...
...official, says: "The President needs a change at OMB, a man who can stand toe-to-toe with someone like Labor Secretary Ray Marshall or Defense Secretary Harold Brown and tell him to drop programs." Carlson's glum conclusion: "There will be no serious budget cutting with Mclntyre there...
...Mclntyre denies that either he or the OMB has been ineffectual. He notes that among other things, he was a major force in persuading the President to reduce the size of his proposed income tax cut to lessen the threat of inflation. Says Mclntyre: "I have been the principal advocate of reducing the budget deficit. All the President's economic advisers have come to agree with me." But if Mclntyre hopes to still the criticism, he will have to be a tougher, sharper cutter...