Word: omb
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Dates: during 1980-1989
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...change in order to cut out what they viewed as very large overhead costs reported by universities. "After all, the original purpose of the set percentage was to reduce the huge and growing amount of overhead costs," said Edwin Dale, assistant director of the Office of Management and Budget (OMB...
...more likely they're trying to find money to reduce the deficit wherever they can," Shattuck said of the decision by the OMB. He added that the government will save about $100 million. "It's a small amount, but I think for them it's also a matter of principle," Shattuck said...
...every airline passenger's ticket. Many in the aviation industry contend that Transportation Secretary Elizabeth Dole, who is FAA Administrator Donald Engen's boss, has been cowed by the White House Office of Management and Budget into holding these assigned funds in reserve against the federal deficit. "Hogwash!" says OMB Director James Miller III. "If I had a bias, it would be toward air safety." Unfortunately, that bias has yet to be translated into equipment that might make the nation's crowded "birdcages" safer...
...another year of record red ink. Last week the Office of Management and Budget predicted that when the accountants close the books on fiscal 1986 in September, the federal deficit will stand at a stupefying $230 billion, $27 billion more than the Government predicted in February. Said a chagrined OMB Director James Miller: "It is not something I'm proud...
...Pentagon budget. Stockman paid little attention to the base figure on which the Pentagon proposed to calculate that 7%. When he saw the actual numbers pointing to military spending of $1.46 trillion over the next five years, Stockman writes, he "nearly had a heart attack." Later the OMB boss came to the gloomy conclusion that even the most severe cuts in nonmilitary spending would fall $44 billion short of balancing the budget by 1984 (the actual gap, of course, turned out to be vastly greater). His simple solution: slap a "magic asterisk" on the $44 billion figure and call...