Word: murrayism
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Like his predecessor Murray Weidenbaum, who resigned to return to teaching. Feldstein is known for his agreement with the Administration's efforts to trim deficits by cutting non-defence spending. But government analysts are unsure how Feldstein will handle two issues which apparently discouraged Weidenbaum during his tenure the Administration's enthusiastic predictions of economic recovery in the face of high unemployment and interest rates and the President's determination to extend his overall tax-cut program through a planned third year...
...summon the will to make such supremely difficult choices is problematic. Reagan has rebuffed all suggestions for slower defense spending increases, to the dismay of some in his own Administration. In an inter view with the Associated Press that was released as his resignation be came effective last week, Murray Weidenbaum, former chairman of the Council of Economic Advisers, charged that increases in military spending have fully offset all Reagan's cuts in civilian programs. Said Weidenbaum: "On balance, we really haven't cut the budget. When you add that [defense spending] to the big tax cuts...
...Murray Silberman San Jose, Costa Rica...
...Jennifer Murray Mississauga...
...factions from the Treasury Department and the Office of Management and Budget in a frustrating effort to help chart a coherent and consistent economic course. Meanwhile, he has been under pressure from the White House to produce economic forecasts that offer hope for the ultimate success of Reaganomics. When Murray Weidenbaum resigned the post three weeks ago to return to teaching, his sudden departure and disavowal of the Government's latest optimistic projections reinforced fears that the Administration's economic policy is rudderless and foundering...