Word: panetta
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Dates: during 1990-1999
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...leader George Mitchell, flanked by budget committee chairman Jim Sasser, favors a risky wait-'em-out approach, calculating that the nearer the dreaded sequester comes, the more malleable Bush will be. So far, Mitchell has prevailed over House Speaker Tom Foley, majority leader Richard Gephardt and budget chairman Leon Panetta, who, one White House official surmises, "would have preferred to wrap this up weeks...
...biggest strike against the Democrats is their continued refusal to accept domestic-spending reductions. When Budget Director Richard Darman suggested 47 cuts in health care, agriculture subsidies, federal loan guarantees and other giveaways good for $16 billion in savings next year, Panetta countered with a "core package" of reductions worth only $5.6 billion. Paltry though his offer was, Panetta lacked much support from fellow Democrats for even those meager measures. "None of our guys were ready to do that much," said a Democratic participant. Meanwhile, loyalty on the Republican side has broken down, especially on taxes. In recent weeks...
...damage, Administration officials tried to mask that miscalculation by claiming that the Democrats had reneged on the bargain. But Gephardt told Bush at a White House meeting Tuesday that not only had there never been a deal but that Darman had not presented a full proposal either. As Panetta said later, "We did not pledge that every time the Republicans slit their wrists we would slit ours...
...Hollings law. They are even talking of putting off a budget agreement -- and the announcement of new "revenue enhancements" that it might entail -- until a lame-duck session of Congress begins, conveniently, after the November elections. "The tough choices have been avoided for ten years," laments California Democrat Leon Panetta, chairman of the House Budget Committee. "There's never a good time...
...proposing an increase that he could either virtuously reject or pretend had been rammed down his throat as the price for shrinking the deficit. "Now I wonder if this ((summit invitation)) is a good-faith effort or whether political traps are being set," said House Budget Committee chairman Leon Panetta...