Word: reductionism
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Dates: during 1990-1999
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THERE IS NOTHING NEW ABOUT THE WHITE HOUSE and Congress using the budget as the focus for a game of Can You Top This? But a Democratic Congress striving to outdo a Democratic President in cutting spending and the federal deficit? Strange as it sounds, that's what is happening...
One reason for this is that Clinton and his team are emerging as adroit behind-the-scenes operators. For two weeks House Democrats such as Tim Penny of Minnesota, Charles Stenholm of Texas and Dave McCurdy of Oklahoma had been pressing party leaders to consider an additional $82 billion in...
Matthew J. Strong '95, president of the College Democrats, said the plan "is geared towards deficit reduction, an issue that will affect young people too."
The President's opponents charged that he had abandoned his campaign pledge not to raise taxes on the middle class, since new energy taxes will hit all families earning more than $30,000. They pointed out that for the next two years, virtually every penny of the deficit reduction will...
TOO MANY LOOPHOLES In his search for new revenue, Clinton made a calculated gamble in deciding to target the rich, as opposed to the more diffuse "special interests." As politics, it was unassailable: 98% of households, he repeated again and again, would not see their income taxes rise, and for...