Word: budgets
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Dates: during 1970-1979
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...rough figures bear it out. If the Faculty leaves the campaign with $150 million earned, and makes five per cent interest on that money, it will earn about $7.5 million annually from the new money. But five years from now, by the campaign's end, the Faculty budget will most likely have reached a whopping $100 million. If inflation remains 13 per cent, the extra $7.5 million will have cushioned the Faculty surprisingly little. In fact, the years of administrative planning and fund-raising work will have equalled only about seven months worth of inflation...
These marginal economies, though unquestionably significant in balancing the Faculty's budget, are not the only money-saving measures introduced in the past few years. Rosovsky has insisted that no department has suffered a reduction in size, but for several years before 1977 the rate of hiring new senior professors slowed down--no appointments got the axe, but some were delayed. Recent budgets have also skimped on some building maintenance...
...tone than usual. He insisted he did not want to spend any more money than the President, though he would spend it differently: less for defense, more for domestic social programs. He said he would remove both the new aircraft carrier and the MX missile from the fiscal 1980 budget. Though he remained committed to his national health insurance plan, he claimed that it would cost an additional $28.6 billion a year, while his critics contended that the price tag would be closer to $45 billion. Kennedy also favored eliminating what he calls "tax expenditures"; that is, tax breaks...
...predicated at all on what Senator Kennedy does. It doesn't matter what he does." Citing her husband's "solid record" of accomplishment, she noted the nation was not at war, 8 million more Americans were employed and progress was being made toward a balanced budget and peace in the Middle East. Her Jimmy, she emphasized, was the first President to offer comprehensive energy legislation...
Carter's promises to balance the budget (world record: most daring fiscal pronouncement) and not to import an additional barrel of oil (U.S. record: optimism) have put him in embarrassing binds. So did his pledge to hold all those news conferences, which were designed to break some kind of record and shame the reclusive Nixon...