Word: stockman
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Budget Boss David Stockman had the entire Republican leadership of Congress and even most of the Cabinet on his side. Secretary of Defense Caspar Weinberger, an aide admitted, had "a constituency of one." But that constituency is named Ronald Reagan. Overruling Stockman's proposals for deep cuts in military spending, the President decided last week that his deficit-reduction plan will contain only the minimal reductions Weinberger would accept...
...Defense spending in fiscal 1986, which starts next Oct. 1, would be cut $8.7 billion below earlier projections, to $277.5 billion-still more than 5% above the total Congress voted for this fiscal year after allowing for inflation. Superficially, the reduction seems larger than the $8 billion Stockman had asked for, but the difference represents a juggling act with numbers...
...White House meeting on Monday and sat quietly through a belt-tightening pitch by the President. He assured Reagan that his department would take another look at its budget figures and "come in with suggested cuts." But once Reagan was out of the room, Weinberger tangled with David Stockman, director of the Office of Management and Budget, in what one participant called a heated exchange...
...Stockman wanted to get $8 billion out of defense outlays next year on top of the $34 billion from other agencies. Even so, Stockman's plan would permit the Pentagon to proceed with development of 48 more MX missiles, the B-l bomber and the President's Star Wars defense against a nuclear missile attack...
...from January 1986 to July 1, 1985, producing a paper saving of $4 billion in the fiscal 1986 budget with no real cut in pay. He counted another $1 billion in Pentagon savings from the 5% pay cut proposed by the President for all civilian workers in Government. But Stockman had included this in the $34 billion of savings already calculated...