Word: balks
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Dates: during 1950-1959
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Hill Called Lucre. By year's end, there were signs that some of the chief beneficiaries of Government spending were beginning to balk at the increasing cost of welfare. Prime example was the farmer. With the guaranteed market of the support program, farmers had raised the second greatest crop in history. Although there were surpluses everywhere, net farm income of $15 billion was down only 15%, thanks to the fact that the Government was spending at a rate of about $2 billion a year to support crops and keep them off the market. With more than $3 billion tied...