The Economist (US), January 27th, 1990
Snark hunt LESS than two months have passed since Congress and the administration concluded a long and tortuous row over the 1990 federal budget. On January 29th it all begins again over the budget for the fiscal year 1991 that starts on October 1st. These are the gimmicks to watch out for. * Rosy scenario. The Congressional Budget Office puts the budget deficit for 1991, if nothing is done, at $138 billion--$74 billion above the Gramm-Rudman ceiling of $64 billion. With its usual optimism about economic growth and lower interest rates, Mr Richard Darman's Office of Management and Budget wil...
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