Word: reductionism
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Dates: during 1990-1999
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For some provinces, the continental shift already seems to be yielding benefits. As federal funds have dried up, Ottawa has cut back heavy subsidies to Canada's have-not regions. Nonetheless, hardscrabble New Brunswick last year registered 3% growth, more than any other province. Frank McKenna, the provincial premier, attributes...
Even as he declared his support for new spending, Clinton reaffirmed plans to cut the budget deficit in half by 1996. "What we have to do is have a disciplined reduction in the debt so we can send a clear signal to the markets at home and abroad that we...
One strategy that some of his advisers are pushing: tie the short-term stimulus plan securely to a package that also contains medium-term deficit- reduction measures. A pork-happy Congress will readily pass the former, so it must be made to swallow the latter at the same time. That...
On policy, the President-elect pledged to steer a middle course between all- out deficit reduction and gangbusters stimulation of the economy. His goal is "to bring this deficit down . . . gradually and within a framework which permits us to substantially increase investment" (good luck). On legislative strategy, Clinton said he...
Earlier this year, Rudman and former Massachusetts Sen. Paul E. Tsongas founded the Concord Coalition, an organization devoted to deficit reduction.