Word: stockman
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...last week Dole knew he had to put a full budget resolution to a vote quickly; ballots on individual provisions would shred the package beyond recognition. He put the deal together with the help of White House Lobbyist Max Friedersdorf and Budget Director David Stockman, who spent nearly all his time during the final week in Dole's three-room office suite. They put through a series of calls to Reagan's traveling party in Lisbon--White House Chief of Staff Donald Regan took most of them--informing the President's aides what was happening...
...Wednesday afternoon Stockman transmitted the numbers to Lisbon by electronic facsimile, and Dole, Domenici and Friedersdorf placed a this-or- nothing conference call to Regan. The chief of staff took the news to Reagan as he was dressing for dinner with the President of Portugal. "Is this the best deal we can get?" asked Reagan. His chief of staff replied that it was. Regan phoned Dole Thursday morning with the President's acceptance, and the last roundup of votes began. Four Republicans who could not accept the civilian spending reductions voted against the budget resolution. Dole won over only...
...G.O.P. summit conference was obviously in order. Senate Majority Leader Robert Dole, heading a negotiating committee, held nine meetings with Budget Director David Stockman to tackle the Government's two biggest spending items: the Pentagon, which accounts for 26.5% of the current budget, and Social Security and Medicare, which account for 26.8%. The agreement they announced last week would cut the projected deficit for fiscal 1986 by $52 billion (to $175 billion), and they envision even greater reductions that could bring the deficit below $100 billion by Reagan's last year in office...
...hold cost of living adjustments (COLAs) to 2% next year, instead of a projected 4%, unless inflation is higher than expected. Diet Cola is the latest nickname for the complex new formula, which is already under fire from retirees' associations. Pensions for military and civil service retirees, attacked by Stockman when he presented the President's original budget, would also come under this formula. The President says he will support the new plan, which goes against his clear- cut campaign promise not to touch retirees' benefits. Demanded Democratic Congressman Claude Pepper of Florida: "Mr. President, keep your word...
...what about economic policy? "Where's Dave Stockman?" he shoots back, expecting no answer, then providing plenty of his own. "Every time he tells the truth he gets in trouble. He gives them the hard facts. 'Shoot the messenger!' they're yelling. Don Regan, why talk about him? He's not my favorite, but that's beside the point. He sold the President the idea that the deficit has nothing to do with interest rates. So I've stricken him off. I don't listen to him or I'm liable to get mixed up on Economics...