Word: panetta
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Dates: during 1990-1999
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...holding down interest rates to soften the bite of higher taxes. But the first barrage of phone calls to Congress was highly negative, and there is something in the plan to offend almost every interest employing a lobbyist with an in at a particular congressional committee. Budget Director Leon Panetta told the Washington Post that chances of congressional passage are only fifty-fifty. (See cover stories, beginning on page...
...national sales tax as if it were a not too distant possibility. "I did not mean to float a trial balloon," Clinton said Friday, as the issue threatened to engulf his campaign to push his first round of tax proposals. Meanwhile in Washington, Clinton's Budget Director, Leon Panetta, brought up the likelihood of new taxes on guns, alcohol and tobacco. "It's a bit too early to say," Panetta said, but then he went ahead and said...
BALANCE Budget Director Leon Panetta once said he would shoot for a ratio of $2 in spending cuts to every $1 in tax increases. Clinton's lieutenants have been unable to find that much spending to cut, though, and are now striving just for "balance." Moreover, they may be able to get a 1-to-1 ratio only by playing semantic games: labeling as "spending cuts" what are really tax increases on heavily subsidized Social Security recipients, people who take home-mortgage deductions on their income taxes and others. Social Security taxes, for example, are counted against spending on pensions...
...right when he says that changing circumstances mandate changing views -- and he is -- he should say so and leave it at that. He need not fear the public's reaction. The lesson of last fall's election, as put succinctly by Clinton's new Budget Director, Leon Panetta, is that "the people have said, 'Don't kid us anymore. Just tell us the truth.' " Why Clinton can't grasp this fact is anyone's guess. All we know is that we have been around this block before. Clinton's inability to come clean about his draft dodging during the campaign...
...course, in light of Clinton's other picks, Brown isn't too surprising. Directionless Warren Christopher (at State) and single-minded Leon Panetta (as budget director) are terrible choices...