Word: stockman
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...extent student politicos think they can really change the world with their programs when they get to Washington, they are laboring under an illusion. That, at least, is one of the messages of William Grieder's thoughtful, trenchant, and lively new book, The Education of David Stockman and Other Americans. Grieder is the former Washington Post editor whose interview in The Atlantic Monthly with Stockman, President Reagan's sharp 35-year-old budget director, blew Reaganomics' ideological cover and made "trickle-down economics" a household expression. Now the national affairs editor at Rolling Stone, Grieder has updated the Stockman interview...
...legislation, Grieder claims, but they also are usually powerless against the forces that distort and emasculate even the most comprehensive proposals--inertia, political horse-trading, special interest greed, and just plain human error. In such an "anarchic" milieu, Grieder says, grand conceptions about "the way the world works"--in Stockman's case, supply-side economics--fall by the wayside, and their beliefs lapse into cynical despair...
...budget proposals, which will be presented to Congress in refined form two months from now. The rough cut: $26 billion to be taken exclusively from non-defense spending, including $8 billion from Social Security benefits, leaving a deficit estimated at a minimum of $180 billion. Budget Director David Stockman said it could even rise as high as $195 billion unless changes are made. Several White House advisers last year argued unsuccessfully for additional excise tax boosts and more gradual defense increases. This year, although even more worried about the deficit, they kept their counsel. Said one top aide...
...Arnold knew where the cameras were. He was quiescent for the first two hours of a briefing for 60 Republican congressional candidates with the likes of White House Staffers Ed Meese, Jim Baker and David Stockman, but when the President stepped to the podium for the super pep talk, Arnold quickly rose to his feet while those around him tried unsuccessfully to wave him down, then pull him to his seat...
...reassert its in dependence from OMB and the Treasury. Even before his confirmation hearings, Feldstein was busy staking out turf for himself in the interdepartmental policy group known as T-l (for Economic Troika One), which consists of Treasury Secretary Donald Regan, Budget Director David Stockman and the chairman of the CEA. In weekly break fast meetings of the group, Feldstein has managed to hold his own in even the most esoteric of budget debates with Stockman, who possessesa daunting reputation for his deft handling of twelve-digit numbers. Feldstein's tactic: offering historical comparisons backed up with specific...