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...President's unease had Democrats gloating, as though the goal of the budget summit had been to score political points rather than to cope with a national crisis. "By our silence we have been successful in these talks," boasted Dan Rostenkowski, chairman of the House Ways and Means Committee. "The Republicans have just shot themselves in the foot, in the neck, in the ear. They're masochists...

Author: /time Magazine | Title: A Deficit of Guts | 8/13/1990 | See Source »

...more careful with the public's money. A member of Congress may not get wealthy on a salary of $96,600 (House) or $98,400 (Senate), but it's enough to relieve anxiety. Pensions are fat and perks numerous. Then there are the unspent campaign kitties: Dan Rostenkowski, chairman of the House Ways and Means Committee, the man who shapes the tax laws, has a political slush fund of $1 million, which he can legally keep if he retires. Risky times are dim memories for these...

Author: /time Magazine | Title: The Presidency: What, This Crowd Worry? | 5/28/1990 | See Source »

...want to swim around in for a while," he said. The water was warm enough for Bush to pick up the phone and call his old friend -- the two served together on Ways and Means during the late 1960s -- and thank the chairman for his suggestion. He praised Rostenkowski for trying to "break the ice." Although he carefully repeated his pledge of no new taxes at Tuesday's press conference, Bush added, "I'm only one player...

Author: /time Magazine | Title: Deja Voodoo? Dan Rostenkowski proposes a grand budget compromise | 3/26/1990 | See Source »

With taxes and Social Security cuts as killer issues, it took someone with nothing left to lose to put them on the table. Once considered a candidate for Speaker, Rostenkowski lost control of his own committee last session over capital gains and could lose again this year. As a representative from Chicago's North Side for three decades, he is impervious to election-year jitters. Even if he lost his seat, he could walk away from the Hill consoled by $1 million in campaign funds he gets to keep. Moreover, he may have been bitten by the statesman...

Author: /time Magazine | Title: Deja Voodoo? Dan Rostenkowski proposes a grand budget compromise | 3/26/1990 | See Source »

Democrat Dan Rostenkowski urges higher taxes and a freeze on social spending, but some White House aides seem more interested in playing an old political game. -- In Montana Guru Ma and her followers get ready for Armageddon. -- Why is Bill Smith calling Ronald Reagan...

Author: /time Magazine | Title: Time Magazine Contents Page | 3/26/1990 | See Source »

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