Word: vetoes
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House leaders wanted to charge the $50 billion first-year cost of the program to the federal budget. President Bush had threatened to veto the legislation unless Congress agreed to keep most of the outlay off budget, a plan that Nebraska Senator James Exon called a "continuing grand scheme to fool the American taxpayer ((about)) the real cost of the bailout." Near midnight on Friday, Congress approved a compromise worked out with the White House in which only $20 billion of the program's costs will be charged to the budget. The Government will issue special 30-year bonds...
When Dukakis tried to bring the budget into balance by slashing state aid to cities and towns, the state Legislature over-rode his veto of the aid. The House of Representatives did it unanimously. That has to hurt...
Dukakis cut a total of $210 million in local aid from the state budget, $110 million by a conditional veto. These funds could be restored if the money become available. On Wednesday, the House and Senate voted overwhelmingly to restore the remaining $100 million, which Dukakis vetoed directly...
Maloney said the direct veto would cost the city $1.57 million, and estimated that the total cost of the cuts would be about $3.3 million...
Among Dukakis' few supporters in the Legislature is Sen. Michael J. Barrett '70 (D-Cambridge). Barrett could not be reached for comment yesterday, but according to aide David Osborne the Cambridge senator supported the governor's veto because he believes the state doesn't have the money to fund the local aid package...