Word: stockmanisms
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...Lord, let him understand my Biblical references, and not say absentmindedly to Stockman, "Yes, the Reverend speaks words of wisdom--keep both Cain and Abel away from...
...Economic Advisers. After seriously considering efforts to kill the council, the President decided last week against such a drastic move. It is clear, however, that Regan will not take kindly to any economic advice that runs counter to his own beliefs. He had, for example, disputed Budget Director David Stockman's gloomy economic estimates. Stockman, already long wounded by his confession to the Atlantic Monthly in 1981 that federal budget figures are a meaningless numbers game, had been expected to leave after this year's spending battles are resolved, and he will almost certainly go now that Regan...
...Outlays in 1987 and 1988 would be reduced primarily by the continuing effect of savings begun in 1986; there would be few if any additional cuts. So the trimming over three years would total only $28 billion, less than half the $58 billion Stockman had urged...
...Stockman had urged cuts totaling $121 billion over the next three fiscal years. Reagan agreed to only $29.6 billion...
Moreover, the $8.7 billion saving planned for fiscal 1986 involves some dubious counting. Some $1 billion will come from imposing on the Pentagon's civilian employees the 5% pay cut that Reagan proposes for all civil service workers; Stockman had already tabulated that as a domestic rather than a military spending...