Word: penner
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...early 40s, admit to many more questions than answers and are sometimes unfairly dismissed by their more traditionalist colleagues as "N.C.s" (Neanderthal Conservatives). Hardly Neanderthal, they are instead moderate, pragmatic economists of the late 1970s who are bringing fresh air, and fresh hope, to the dismal science. Says Rudolph Penner, head of tax-policy studies at the American Enterprise Institute: "The exciting ideas are now coming from the under-40 crowd, and they are saying that Government is not efficient...
...growth of benefits is slowed, the whole Social Security system?as well as the budget?will be in deep trouble. Says Alice Rivlin, director of the Congressional Budget Office: "If you're really concerned about the growth in Government, then you have to go after the uncontrollables." Adds Rudolph Penner, a former economist at OMB under Gerald Ford: "Cutting $30 million here or $100 million there is the approach one is forced to take unless you tackle the entitlement programs...
...entitlements has been weak and equivocal. One idea that deserves more attention than it is getting is Califano's hospital cost containment bill, which would curb Medicare expenditures by prohibiting hospitals from raising costs by more than 9% a year. Perhaps an even better approach is Economist Penner's suggestion to have the program's recipients pick up a portion of their hospital and doctors' fees. This would not only cut expenditures but also discourage recipients from rushing to the doctor for every sneeze and sniffle. The whole concept of linking federal pensions to the rise in inflation should also...
...pursuing; right now all the pressures are to add a billion here and there. Nonetheless, there are ideas, of widely varying reasonableness. Some conservatives would shrink foreign aid, welfare, Social Security benefits. Alan Greenspan suggests reducing expenditures for public service employment of the jobless, a most dubious economy. Rudolph Penner, director of tax policy studies of the American Enterprise Institute, a conservative think tank, more sensibly would pare the roughly $68 billion in federal grants-in-aid to state and local governments, many of which are now running budget surpluses...
...good as the American people, Reagan's chant that the canal is ours, Ford's conviction that a Government big enough to run things is a Government big enough to threaten us. These became applause lines just as carefully prepared and as essentially empty as Joe Penner's "Wanna buy a duck?" once was. Only occasionally did a reporter's sharp question throw a candidate off balance. (Reporters live in the conviction, which is not universally valid, that anyone's unguarded remarks more truly reflect his views than responses he has time to think...