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...nothing to do with the recession. It is extremely difficult to just say, well, if I decide to cut this budget to reduce the deficit, I can cut this spot here or there. I don't think I was prepared for how much of the budget was built hi by the original legislation, how many programs were instituted, particularly in the nondefense area, which is 70% or more of the budget, with features in them that made them automatically increase. So you look and say, wait a minute. If there were no recession, the budget would keep increasing...
...foresee. Now everyone points to those forecasts and says, "Oh, how optimistic you were." Yet we weren't overly optimistic, based on all the indices we had to go on. But for several months, in pulling down the great expanse of the money supply that had been created hi the last six months of 1980, it was pulled down way below the targeted growth rate, and it was held down there [by the Federal Reserve] for so many months that of course there was a scarcity of money. The high interest rates did not let up. And inflation...
Most private institutions are proud when one of their people is offered a prestigious appointive job hi Washington. Depending on the man's age and length of absence in Washington, the organization is glad to welcome him back, sometimes in a higher job than he left; and if that cannot be done, the individual will usually be snapped up elsewhere. There is no taint to Cabinet or sub-Cabinet experience under either party; it is highly marketable...
...available, for 1988 if not 1984, and perhaps Senator Robert Dole, steadily positioning himself toward the center, and Congressman Jack Kemp, steadily holding to the right. Also: Richard Thornburgh, Governor of Pennsylvania; Robert Ray and William Milliken, retiring Governors of Iowa and Michigan; and two attractive political alumni now hi industry, former Congressman and Defense Secretary Donald Rumsfeld, chief executive officer of Searle, and William Ruckelshaus, former Deputy Attorney General, now senior vice president of Weyerhaeuser...
...sort of negotiation or compromise, and who talk blindly of rebuilding a military force. But they are increasingly being challenged by Palestinians who realize that Israel is moving inexorably toward annexation of the West Bank and the Gaza Strip, and who are prepared to compromise on certain issues hi order to get a settlement. Says a former West Bank mayor who was banished by the Israelis last year: "If the hard-liners have any alternatives to offer, we will listen. But we are not interested hi dreams any more. The most important thing now is to realize the urgency...