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Stockman Defends Downward Deficit Revision
President Reagan’s budget chief says the deficit must move down in 1982 even if not hitting exact targets. He argues a $43.1 billion 1982 deficit is acceptable with broader spending cuts and tax increases to cushion future overruns, while Democrats press for steeper tax cuts rollback and social-program reductions.
MENTIONED IN THIS ARTICLE
Washington
Reagan
David A. Stockman
Congressional Budget Office
Stockman
CBS
Face
Ernest F. Hollings
South Carolina
Daniel Patrick Moynihan
New York
ABC
Congress
Hollings
Moynihan
House
James Wright
Texas
John Kenneth Galbraith