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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 11, 1990
Page
9
Washington report explains how the federal budget process stalled over Columbus Day weekend. Rep. James Bilbray and Rep. Neal Smith acknowledge confusion and complex rules. The piece traces the 1974 budget act, Gramm-Rudman-Hollings goals, and the failing Sept 29 budget summit as causes of overdue appropriations and looming deadlines.
The text argues that proposed budget cuts amount to reductions in growth rather than actual spending cuts. It notes a $500 billion five year deficit reduction aim and a $40 billion cut this year, while defense sees only a $15 to $20 billion cut. Even with these goals, debt would rise from $3.123 trillion to about $5 trillion by 1995 due to interest.
The General Assembly approved sending UN poll watchers to Haiti at the invitation of the Haitian government. Elections for president, the legislature and mayors are scheduled for December 16.
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