Word: stockmanisms
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...sure, much of what Reagan outlined could still be changed within Administration councils, although the President took the unusual step of warning Cabinet members that he had personally reviewed the document virtually line by line with its author, Budget Director David Stockman, and saw little need for the usual special pleas. The President's next step will be to incorporate the first-year provisions of his plan into a 1986 budget message, due for delivery to Congress early next year. The budget's fate will then be thrashed out in congressional hearings and committee meetings that will drag...
...With tax increases ruled out by the White House and the economy now in a slowdown, precluding a rapid expansion of revenues at present tax rates, there is only one means to dry up red ink: spending cuts even more drastic than the Administration won in 1981. Stockman's recommendation, faced with these all but absurd options, was to slash estimated outlays by $45 billion the next fiscal year, $85 billion in 1987 and $110 billion...
Reagan has insisted on a line-by-line review of Stockman's proposals, asking questions when he is dubious, signifying agreement mostly by keeping silent. At one meeting last week Stockman suggested a cut in federal aid to public libraries. A senior White House aide questioned whether Washington should be subsidizing libraries at all. Reagan indicated by silence that he shared the doubt, and library assistance was added to the list of programs facing total elimination...
...hang-up is on military spending. Stockman wants a reduction of $10 billion in the requested appropriation for fiscal 1986, $20 billion the following year and $30 billion in 1988. Secretary of Defense Caspar Weinberger adamantly insists on a $333 billion request for 1986, which would be a 7% increase after adjustment for inflation. At a Thursday meeting in the White House, House G.O.R Leader Robert Michel and Nevada Senator Paul Laxalt got into what a Reagan aide described as a "heated" exchange with Weinberger. The lawmakers' point: Congress will not buy civilian spending cuts of anything like...
Even as the assault began on tax reform, scores of other special interests mobilized to sink the wish list of spending cuts floated by Budget Director David Stockman. Rarely if ever have so many of Washington's more than 10,000 lobbyists been aroused at the same time. Indeed, the Administration's sweeping proposals may have touched off the ultimate lobbying war, one that will force Congressmen to choose between uplifting notions like "fairness" and "simplicity," and down-to-earth concerns like PAC money and political survival...