Word: reductionism
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Still, the fact that some Republicans had been caught up in the initial fascination with the Moynihan plan led the White House to launch a hasty counterattack. Budget Director Richard Darman presented Congress with a plan for a Social Security Integrity and Debt Reduction Fund that would require the Federal...
-- Wisconsin Republican Senator Robert Kasten would adopt a smaller and more gradual payroll-tax reduction, while removing the trust funds from the rest of the budget calculation and outlawing Social Security benefit cuts.
Precisely because Moynihan's proposal might prove irresistible if it ever came to a vote, congressional leaders will try to prevent it from reaching the floor. But the plan has already accomplished much of what Moynihan set out to achieve. It has exposed the gimmickry that camouflages the true size...
Before America becomes two countries--one developed, the other impoverished--political leaders need to follow Gorbachev's lead and renounce the arms race. President Bush should propose a defense budget with deep reductions not just a budget that only shows reduction after inflation is taken into account.
A reduction of the deficit would have a number of subtle but important effects. Roger E. Brinner, chief economist of the forecasting firm DRI/McGraw- Hill, projects that the lower interest rates that would result from a smaller deficit could produce a modest budget surplus by the end of the century...