|an undisciplined person or program that dangerously lacks forethought; used in mid-November 1976 to describe $11 billion in unspent appropriations by the Ford Administration: "'That money,' says Arnold Packer, a senior Senate Budget Committee economist who is helping Carter draw up his shadow budget, 'is like a loose cannon rolling around the deck' because a sudden reappearance of the funds could be inflationary." (''BusinessWeek'') | |an undisciplined person or program that dangerously lacks forethought; used in mid-November 1976 to describe $11 billion in unspent appropriations by the Ford Administration: "'That money,' says Arnold Packer, a senior Senate Budget Committee economist who is helping Carter draw up his shadow budget, 'is like a loose cannon rolling around the deck' because a sudden reappearance of the funds could be inflationary." (''BusinessWeek'') |