Word: budgeted
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Dates: during 1980-1989
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Likewise, the MIT economist said that recent efforts by Congress and the President to balance the budget, without addressing trade imbalances, are economic palliatives which will further endanger the economy...
Students might fear a financial pinch since common sense suggests a shrinking endowment will take care of a smaller share of the University's $715 million budget. In the world of common sense, a burgeoning endowment could afford to pick up a larger share of the tab for higher education, leaving students more time to study and less obligation to work dorm crew...
...performance at his Thursday press conference was no improvement. With the nation looking for leadership, Reagan regressed into petty, partisan Dem-bashing. Don't blame me, he said, "the Congress is the one that's in command" of the budget process. (It's also in command of the tax-writing process, but no matter. This is a president who thinks that the Founders having given Congress a role in the budge-writing process is "kind of a stupid setup.") Much like he did before last November's election, he played his hackneyed tune about how 50 years of Democratic...
...record-setting trade deficit triggered the market collapse, that imbalance was only symptomatic of the more general shabbiness of the American economy. Under Reagan, the nation's debt has soared from $794 billion to $1.9 trillion. American capital has been drained paying off the debt, the only budget item in the Reagan Era to increase at a higher rate than military spending. Foreign money fueled the Reagan Boom, and it was foreign money that, understandably, bailed out as soon as the going got tough...
...president yesterday met with congressional leaders in hopes of hammering out a "budget compromise" that will satisfy nervous investors, foreign and domestic. He entered the session with "no preconditions", which means that at least he won't turn his hearing aid down when the words "tax" and "increase" are mentioned together. It may be too late. Pessimism on Wall Street grew over the weekend, and yesterday the Dow Jones average dropped another 156.83 points--an 8.04 percent decline on top of the massive drop off of the week before...