Word: congress
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Dates: during 1980-1989
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Then last week, amid a chorus of complaints from Congress and industry, came the results of two blue-ribbon studies, one by the National Advisory Committee on Semiconductors and the other by the Economic Policy Institute (EPI). Both concluded that what American high-technology industries need is more Government leadership, not less. Said Ian Ross, president of AT&T Bell Laboratories and chairman of NACS: "Every trend you look at is in the wrong direction for the U.S." Next day the Administration reversed itself again, denying that it had any plans for technology budget cuts...
...demanding last month that Congress produce a deficit-trimming budget without resort to accounting gimmickry or tax increases, George Bush knew he might as well have ordered the sun not to rise. Last week, as Congress raced to adjourn before the Thanksgiving holiday, it sent the President a final 1990 budget bill lopping $14.7 billion off the deficit -- thanks, of course, to gimmicks and a $5.6 billion increase in what people outside the Washington Beltway usually call taxes. Without a murmur of protest or the slightest hint of a blush, Bush agreed to sign the measure into...
Gimmicks? Of course. About $4.6 billion in deficit reduction comes from allowing the across-the-board cuts triggered by Congress's failure to adopt a ) budget in October to remain in effect through the first week of February. By declaring the Postal Service's deficit "off budget," the number crunchers "saved" $1.7 billion. A similar bit of wizardry -- prepaying a $3 billion Pentagon payroll in the 1989 fiscal year -- "reduced" the 1990 deficit by that amount. Bush was in no position to resist the sleight of hand: the legerdemain was originally concocted by his budget director, Richard Darman...
...slaying on Nov. 16 in San Salvador of six Jesuit priests has caused such outrage in Washington that Congress is suddenly talking about reducing U.S. aid if the Cristiani regime does not conduct a thorough investigation. Last week the House of Representatives narrowly blocked a Democratic proposal to hold back 30% of the $85 million in U.S. military aid to El Salvador this year. The events of the past two weeks also underscore U.S. intelligence failures, most notably the now apparent undercounting of the F.M.L.N. forces. Judging by the scope of the rebel push, Washington officials concede that there...
...jobs is often abortion foe John Sununu. Charles Keating takes the Fifth on his savings and loan debacle. Congress passes a budget that includes (Shhhhh! Don't tell Bush) tax increases...