Word: deficits
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Dates: during 1980-1989
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...Senate is to consider a House approved deficit reduction bill this week or next which, if passed intact, will lower the deficit by an estimated $300 million...
...spokesperson for the governor said Dukakis is optimistic that the Legislature will develop a plan to erase the remainder of the deficit before Christmas...
State funds for cities and towns across Massachusetts are likely to be cut if legislators and adminstrators on Beacon Hill do not find a solution to the $830 million state budget deficit this month, the House assistant majority leader said yesterday...
...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...