Word: ornstein
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Dates: during 1980-1989
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...citizen. And so the most coveted ticket in Washington has become a seat on the House-Senate conference committee that will meet, probably the week of July 14, to put in final shape a radical overhaul of federal tax law. With billions riding even on technical provisions, says Norman Ornstein, an expert on Congress at the American Enterprise Institute, the tax-bill negotiations "will be the conference of the century...
Indeed, Dole predicted that tax reform was "unstoppable" and that Congress would have a tax-overhaul bill "on the President's desk by Labor Day." The Senate leaders are "trying to create a self-fulfilling prophecy," noted Congressional Expert Norman Ornstein of the American Enterprise Institute. Even so, most Hill watchers were betting that Dole's prediction would come true...
...Industrial Revolution was spawning an urban working class that had no place to put its savings. Commercial banks were mostly uninterested in small accounts, preferring to deal with businessmen and property owners. As a result, philanthropists set up savings banks for working people. In his book Savings Banking, Franklin Ornstein, chairman of Central Federal Savings in Long Beach, N.Y., traces the origins of the industry to the formation in 1816 of the Philadelphia Saving Fund Society, which was started by 25 individuals who chipped in $10 each to get it going. In the early days, savings banks invested their deposits...
...Ronald Reagan is King of the Beltway now," counters Congressional Scholar Norman Ornstein. Reagan cannot run away from four years of his own handiwork. And Ornstein insists that members of Congress are very much in tune with their own districts and states since they live and die on that political ground...
...even Ornstein confesses that something odd happens when all of this ambition and money come together in the 257-sq.-mi. Beltway cooker. Being the focus of national news creates an unwarranted sense of self-importance. Economic security diminishes sympathy and understanding. The concerns of Pittsburgh and Bakersfield and a thousand other places grow more and more remote...