Lawmakers - Budget 2/12/1984
DO NOT USE WETA credit
DO NOT USE sponsor credits
Lawmakers title sequence
Paul Duke, Linda Wertheimer, and Norman Ornstein - On program: Ways Presidential candidates in Senate try to convince the home voters that their candidacy is a good thing for the state, Vietnam veterans and Agent Orange compensation, and the 1985 budget proposal
The 1985 budget proposal - Reagan asking for "whopping" defense increases and modest social services cuts. Titles show totals: $925 billion in spending with $180 billion deficit with no tax increases.
Representative William Alexander (D - Arkansas) in well of house, points to a chart showing massive red-inked deficits. Yesterday we received the President s budget and here it is in Red Reagan Ink.
Representative Marcy Kaptur (D - Ohio) attacks the Reagan plan. Mr. Speaker, the gap between candidate Reagan s budget promises and President Reagan s latest budget is as wide as the Grand Canyon.
Representative Barney Frank (D - Massachusetts) I don t know whether we re supposed to vote on that deficit or enter it into the Olympics this summer. Because it certainly is a world champion.
Representative David Breyer (R - California) defending the Reagan plan. I couldn t help but think of that brilliant statement made by President Reagan just yesterday when he was speaking in Chicago. He said The finger-pointers and hand-ringers of today where the policy makers of yesterday.
David Stockman taking seat to testify to Senate committee about budget. Senator Howard Metzenbaum (D - Ohio) tells STOCKMAN that he won't let REAGAN blame the Congress for the Deficit, points to sign on easel noting REAGAN'S "American Excess" Card. Ronald Reagan in May of this year, attempted to put the blame on us in the Congress. In speaking to the home builders and referring to Congress, he said, They ve got a credit card that has run out of credit and are asking the American people to raise the limit. We must answer with one word, said the President, an overwhelming, unequivocal No. The facts are that the President has his own American Excess card. It s a $692 billion credit. And I say to you that he s the one that s got the credit card and there s $692 billion that s owed on it. David Stockman says, We can argue about who is right and wrong when decisions were made to launch major spending programs in the 60s and 70s, that grew into enterprises far beyond what was predicted or projected at the time. We don t have to itemize the programs here this morning in which that occurred. We ve talked about it many times. But it seems to me that we can t reverse the course of history. And therefore we have to deal with the facts of life as they present themselves today.
Paul Duke - Reagan has called for "bold and decisive" action on deficit. Discussion with Linda Wertheimer and Norman Ornstein about the prospects for real action in an election year. Reagan likely to get all of his defense increases. Tip O'Neill lost funding for the Boston Harbor Cleanup in the budget. Discussion of Lebanon issue - Congress frustrated, but not willing to cut off appropriations to the troops in Lebanon. Will try to use public pressure to get Reagan to reverse himself.