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...bill moved through Congress, formal protests from foreign countries flooded into Washington, eventually adding up to 200 pages. Both houses voted aye nonetheless. While the legislation sat on the President's desk, 1,028 American economists called for a veto. Herbert Hoover made it the law of the land anyway, swallowing his own reservations and, on June 17, signing the Tariff...

Author: /time Magazine | Title: Shades of Smoot-Hawley | 10/7/1985 | See Source »

...wishes, the President can use the line-item veto as a tool for rewarding, or as a weapon for punishing, individual congressmen. Used in this way, it can actually increase government spending. Congressmen have traditionally attached district-pleasing pork barrel to major spending legislation to protect their pet projects from vetoes. The President, proponents would argue, should have an item veto so that he can trim away this unnecessary spending. So far so good. But suppose that a new weapons system, which the President strongly favors, comes up. He now needs votes in Congress. Ordinarily, he would bargain, compromise, appear...

Author: By Gregory D. Rowe, | Title: Selling Your Soul to the President | 9/30/1985 | See Source »

...line-item plan affords the President a new--and quite powerful--stratagem: he can threaten to item veto only the pork barrel projects of the congressmen who vote against the weapon system. Many congressmen, eager for re-election, might cave in to these threats and vote for a costly military device which they would ordinarily oppose. As a result, both the pork barrel and the weapons system pass Congress and are signed into law--not exactly what the line-item veto was supposed...

Author: By Gregory D. Rowe, | Title: Selling Your Soul to the President | 9/30/1985 | See Source »

Substantial deficit reduction did not occur this term in Congress. Thus, some argue, we need the line-item veto. Yet while we must reduce the deficit, undermining the separation of powers and the system of checks and balances is not the way. Vesting both executive and legislative power in one person, the President, is asking for abuse. Congress must not sell itself to the President...

Author: By Gregory D. Rowe, | Title: Selling Your Soul to the President | 9/30/1985 | See Source »

...question is less whether the bill will pass than whether it will do so by votes large enough to override an expected Reagan veto, and what sort of amendments may be attached. A number of the cosponsors have signed on less out of any consuming desire to save the U.S. textile industry than out of a desire to turn the bill into a vehicle for amendments that would restrict imports of shoes and all manner of other products. But should they fail in that effort or be frustrated by a Reagan veto that sticks, the anti-import forces will...

Author: /time Magazine | Title: Stampeding Toward Protectionism | 9/30/1985 | See Source »

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