Word: stockman
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Assistant Senate Majority Leader Ted Stevens has scheduled hearings next month to examine the problems. Even David Stockman, President Reagan's budget cutter, acknowledges that something must be done. But the stingy 97th Congress may not want to listen...
Among the myriad problems that will face the President when he returns to Washington next week is the very real chance that he might lose some of the budget cuts he has won in Congress. Some in the Administration, worried about the 1982 deficit, have urged Stockman to prepare $15 billion or so in contingency cuts and to introduce them when Congress returns from its vacation. Reopening the budget reconciliation process, however, could permit restive House Democrats to renegotiate their concessions. Any restoration of domestic spending cuts will make Reagan's military spending increases all the harder to finance...
...Reagan mandate as economic recovery and those who see it as military superiority, once again the economic advocates seemed to be winning. From the outset of the meeting in a penthouse suite on the hotel's 19th floor, Office of Management and Budget Director David Stockman insisted that Reagan could not possibly balance the fiscal 1984 budget without new revenues far beyond the excise taxes and user fees that the Administration may propose; politically inflammatory and perhaps unachievable slashes in social spending; or smaller cuts in social spending coupled with significant cuts in defense spending. Endorsing Stockman were...
...bomb, Poland, the F-16s for Israel. This week Secretaries Caspar Weinberger of Defense and Alexander Haig of State will fly out for discussions on the future of the MX missile and the B-1 bomber. On Tuesday Reagan will meet with Office of Management and Budget Director David Stockman to discuss future cuts in federal spending. At the Biltmore, the executive offices of the President appear to be open for business, in spite of their luxurious location in three white adobe cottages beside a putting green. Two Marine guards in full dress uniform, including white gloves, indicate that Cottage...
...shrink further still. A few Democrats have already jumped on this bandwagon; more should follow, for it will be the first opportunity to remind Americans just what government austerity means. In no time, the T.V. news will be crowded with old people who eat dog food. Reagan and David Stockman may back off, and if they do, so much the better. But if they don't, then the Democrats should gut it out, fighting Reagan at every turn, and though they may lose in the end, they will be beginning to repair their constituency...