Word: penner
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...budget, details of which can be found in the following pages. , Seven TIME correspondents, combing the tax code and federal programs from agriculture to welfare, searched for new revenues and spending cuts that would be feasible and fair. Among the many experts they consulted, several were especially helpful: Rudolph Penner, a senior fellow at the Urban Institute and former director of the Congressional Budget Office; Joshua Epstein, senior fellow in foreign policy studies at the Brookings Institution; Robert Greenstein, executive director of the Center on Budget Policy and Priorities; and his colleague Gordon Adams, director of the center's Defense...
...twice: first as income, then again on the interest that the money earns in the bank. At the same time, the U.S. has historically encouraged borrowing by allowing consumers to deduct the interest they pay on installment debt. "Certainly there was no excuse for allowing this," declares Economist Rudolph Penner of the Urban Institute. That provision, which made it easier for taxpayers to rationalize running up big balances on their credit cards, is being phased out under the 1986 tax-reform...
...confidence that might bring on a recession. The contrary opinion among a few thinkers is that too large a budget reduction would sap momentum from the economy at a weak moment. But that idea seems increasingly implausible in the light of Washington's current paralysis. Says Economist Rudolph Penner of the Urban Institute: "The last thing that should keep you awake right now is the fear that Congress will do too much...
...that the lawmakers last year passed a bill forbidding the White House even to study the subject. Critics contend that the Government is not really bolstering its revenues through sales of assets, since the transactions result in the loss of future income like interest payments on loans. Says Rudolph Penner, head of the Congressional Budget Office: "It's a one-shot deal that doesn't mean a long-run cut in the deficit...
Livermore calculations buttress Teller's theories. In one computer simulation of a detonation of a single-megaton explosion, Physicist Joyce Penner, who heads the laboratory's study of nuclear smoke, found that a column did indeed rise six miles into the sky, but that half the smoke dropped quickly into the troposphere. The 50% that remained aloft, Penner estimated, contained nearly three times the condensation needed to produce rain. This finding suggested that even smoke in the stratosphere, beyond the reaches of normal weather patterns, would create its own storm and fall back to earth...