Word: borrowing
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Oregon Democrat Edith Green tried to amend the bill to exempt people whose religion does not permit joining unions; her amendment was ruled "not germane." So strict were the limitations on debate that in order to complete her arguments, she three times had to borrow speaking time from the Republicans. To her fellow Democrats, Mrs. Green said acidly: "I'm greatly indebted to the people on the left side of the aisle who are so liberal they allow free expression here." Also beaten back were Republican attempts to bar union shops among unions that practice racial discrimination...
...rode the mobile-home boom to a personal fortune of more than $5,000,000: "It's easier to get ahead than it was 15 or 40 years ago. Look at the population growth and the tremendous rise in personal income. It's easier to borrow money than in the old days, when bankers were real stuffy. This country is just loaded with opportunities...
...whole atmosphere of U.S. life invites more and more borrowing. Bankers cannot seem to shovel their cash out fast enough, are less interested in what a person or company can put up in the way of hard collateral than in what they have to offer in future earning power. Madison Avenue dances 1,500 advertisements a day before the average U.S. consumer, further tempting him to borrow and buy. The Government encourages borrowing not only by keeping interest rates low but also by making almost all interest payments taxdeductible. Says Donald A. Webster, the Minority (Republican) Economist for the Congressional...
...brief, Keynes considered purchasing power, or "aggregate demand," to be the most important force in any economy; the best way to maintain high demand, he said, is for the Government to borrow money and pump it into the economy to supplement private investments. Washington has been raising Keynes since New Deal days; in 25 years the budget has been balanced only six times. The anti-Keynesian arguments-notably that the system is bound to lead to Government control of the economy, that it can be inflationary, and that indefinite borrowing is impossible without a day of reckoning sooner or later...
...nonstudent at Cal can nap to recorded music on the plush sofas of the softly carpeted student union lounge, attend class lectures-and even ask questions in class. He can borrow a friend's registration card, get free medical treatment, attend free movies. He can sun himself near the union fountain, lunch on cheap sandwiches and pie at the outdoor Terrace, bang on bongo drums on the Lower Plaza. "Berkeley is one of the best places I know of to drop out of the system and yet survive," says Dr. David H. Powelson, director of the campus psychiatric clinic...