Word: restraints
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...totally missed the connection between Roger Gicquel and Walter Cronkite in your uncritical portrait of the French TV anchorman [Sept. 25]. I never noticed any pompous morbidity or any Christ complex in Cronkite. The old man is a charmer because there are wisdom and warmth in his restraint. Besides, he has a quiet sense of humor that his younger imitator lacks. As a Frenchman I feel I deserve better than Roger Gicquel...
Last week Carter gathered 30 Republican Congressmen for breakfast at the White House to praise their emphasis on fiscal restraint and control of the bureaucracy, "the two issues that led to my election." He thanked them for backing "the guts" of his legislative program-and conceded that he "could not have prevailed without Republican support." The breakfast turned out to be more than a gesture of appreciation. The tributes had hardly ended before Carter was lobbying the G.O.P. Congressmen for support of his energy program, which comes up for a House vote this week...
...inflation, I reject the politics of the past. I will not fight inflation by throwing millions of Americans out of work." He did not spell out a specific program, but in his new combative Camp David mood, he promised that it would be tough. "I will ask for restraint and for some sacrifice from all. I will ask you to consider what I will have to say with open minds and in a spirit of cooperation and patriotic concern...
...make-or-break" gamble. If so many businessmen refused to sign that the Government was forced to buy from non-pledgers?or, worse, if the Administration winked at violations as the price of avoiding crippling strikes?President Carter would lose all chance of winning wage-price restraint. In Okun's view, the risk in not adopting a tough guidelines policy is worse: negotiations next year in the construction, auto and trucking industries could result in a wage explosion that would push inflation firmly back to double-digit rates. Joseph Pechman, director of economic studies at the Brookings Institution, adds that...
Second, the social consequences of public sector expansion merit careful scrutiny. Government consistently expands its role in the economy, and the economic strains generated by fiscal restraint within the public sector are already engendering new social tensions...