President Obama was under pressure on Tuesday night to not only deliver proposals for expanding the economy, but to show leadership in addressing the large, looming debt on the U.S. balance sheet.
In the early 1980s, President Ronald Reagan's budget director, David Stockman, developed a "starve the beast" strategy that would seek ultimately to shrink the size of government through drastic cuts in social programs.
Former Reagan administration budget official David Stockman could be hit with federal criminal charges for incomplete disclosures and improper accounting practices at a now-bankrupt auto parts maker he once headed, according to a published report.
Brace yourself. You are about to read an item with a point of view believed never to have been elaborated in print before. Scary, eh? And yet, clearly, the time has come for some argumentative char...
Is the supply-side theory loony? Is it a fraud? Did it work? In light of the evidence, it is hard to believe that such questions are seriously being asked. After all, Arthur Laffer's tax-cutting cu...
Fortune: NOW HEAR THIS updated: Mon Jun 20 1988 00:01:00
-- MARTIN ANDERSON, 51, former White House policy adviser, on how David Stockman would have described baseball great Ted Williams: ''Even at the height of his career, Williams managed to get base h...
William Greider's report on the Federal Reserve is fascinating, instructive, and unbelievably muddle-headed. A reviewer will not often find occasion to yoke those adjectives, but they all seem appr...
David Stockman has a new perspective on debt these days. As a managing director in Salomon Brothers' mergers and acquisitions department, Stockman, 41, spends all his time doing deals. During the p...
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The budget of the United States government is two things. It is the government's past and proposed policy for spending, taxing, and borrowing. It is also the document that describes and explains th...
To judge from the commentary on the op-ed pages, a fair number of journalists and intellectuals were astonished a few months ago when James Buchanan won the Nobel Prize in economics. Many expressed...
A subject needing more publicity than it is getting is the poverty wedge. The ''wedge,'' for purposes of this homily, is the difference between (a) the amount of money being spent by government on ...
Fortune: Surreyismupdated: Mon Jun 23 1986 00:01:00
According to Bernard Wolfman, Fessenden Professor of Law at the Harvard Law School, ''Writers have not generally used quotation marks around the term 'tax expenditure' since 1974.'' That just shows...
Reviewing David Stockman's book objectively is difficult. His advance of more than $2 million consumes the reviewer with envy and, therefore, hostility. Also, he is a major character in his own boo...
Amazing institution, the Export-Import Bank. David Stockman came to Washington planning to raze it, and now Dave is back in New York and the bank is unrazed and both parties seem to be making comeb...
Fortune: NOW HEAR THISupdated: Mon Mar 03 1986 00:01:00
''Setting casualty loss reserves is like burying Dad in a rented suit. You think you've paid the bill, but the bills keep coming in.'' - JOHN J. BYRNE, 54, chairman of Fireman's Fund Corp. (For mor...
''I'M UP TO my elbows in alligators,'' says James C. Miller III, after two months as director of the Office of Management and Budget. He also has other fauna to contend with as he tries to trim som...
THE STUNNING SHIFTS in U.S. economic policy -- forcing down the dollar and emphasizing growth rather than austerity to ease Third World debt -- made news around the world. In Washington the new ini...
Many Americans, including this reviewer, wish to reduce the role of government in their lives. But not many of us libertarians have thought much about a strategy for doing so. We have generally bel...
''WHO'S RUNNING the White House these days? Ronald T. Regan.'' So goes a joke playing the Washington circuit since President Ronald Reagan's hospitalization thrust the tomahawks of power into Chief...
After five budgets and several trips to the President's woodshed, Budget Director David Stockman resigned to take a lucrative job on Wall Street. The announcement had been expected for months. He w...
Easily the high point of William Saigh's testimony before the Senate Committee on Small Business the other day was his tip on how to eat a salad. ''The most enjoyable way to eat a salad,'' he said,...
After a week of furrowed brows, leaks to the press, and symbolic gestures to major-domos of Congress, President Reagan unveiled a list of $42 billion in budget cuts that were pretty much what Budge...
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