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TheGOP compromise plan to balance the budget within seven yearsdrew widespread support in the Republican ranks today but, predictably, criticism from the White House. President Clinton derided the proposal, which trims Medicare and Medicaid and offers $245 billion in tax cuts, as "still too extreme."TIME's James Carneyreports that White House aides, meanwhile, still can't agree on how -- or when --the President should fight for his own, 10-year plan. "The proposal represents a break from the past," Carney says. "What has remained the same is his failure to follow through when he's made major proposals...

Author: /time Magazine | Title: BUDGET OR BUST | 6/23/1995 | See Source »

...leaders inthe House and Senate agreedlate Thursday on a compromise plan that would balance the budget within seven years, cut taxes by $245 billion and slow Medicare and Medicaid spending. "We have a deal," House Speaker Newt Gingrich told reporters, as he came out of a meeting with Senate Majority Leader Bob Dole, Senate Budget Chairman Pete Domenici andHouse Budget Committee Chairman John Kasich."You're going to love it," Gingrich said. "You get more take home pay." President Clinton, who favorsa 10-year balanced budget with fewer cuts in social services,has his veto pen ready...

Author: /time Magazine | Title: HOUSE, SENATE LEADERS REACH BUDGET COMPROMISE | 6/22/1995 | See Source »

...because they've been paying in to this, but I'm seeing part of my money going out to other people every month." Said Waldholtz: "Part of the problem is that our government made too many promises. We have got to make changes, not just to preserve Medicare and Medicaid but to make health care more available to everyone." And there was the caller who complained about a Utah Congressman who brought his newborn to his office. Said Waldholtz, who is pregnant: "This is not an eight-hour-a-day job. We are frequently working 12-, 14-hour days...

Author: /time Magazine | Title: HOME FIRES SPUTTERING | 6/12/1995 | See Source »

Programs supported by "discretionary funds," which make up one-third of the federal budget, are the easiest to cut, according to Weimer. The discretionary part of the budget does not include interest on the national debt or entitlement programs such as Medicare, Medicaid, social security and welfare--all areas Republicans are reluctant...

Author: By Kris J. Thiessen, | Title: University Battles to Stop Funding Cuts | 6/8/1995 | See Source »

...down two dozen Democratic amendments designed to protect Medicare, national parks, education and other GOP targets. "We will finally begin tounpile the deficits," said Senate Majority Leader Bob Dole. "We will finally begin to speak for the future." The GOP package promises $958 billion in savings -- chiefly from Medicare, Medicaid and the elimination of 181 agencies and programs, from the Commerce Department to the Opera-Musical Theater Advisory Panel. Notably absent: $350 billion in tax cuts that more aggressive House Republicans approved last week. Still, Karen Tumulty, TIME congressional correspondent, says some tax breaks may surface after House and Senate...

Author: /time Magazine | Title: MILESTONE BUDGET PASSES | 5/25/1995 | See Source »

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