Word: checkrein
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Dates: during 1950-1959
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...economic front, the "consensus" of his economic advisers, he said, was that 1958 would produce "an upswing rather than a continuation of any downturn." But in case of a continued downturn he thought "a little needle" would be better than "a checkrein." Therefore, for fiscal 1959, some deficit spending "would be better than to start now the question of tax raising." But the Administration has no intention "at this moment" of proposing any kind of specific legislation to pep up the economy...
...enough to encourage broad investment opportunities and individual initiative. By now he has come to recognize the high stakes and high cost involved in cold war, is willing to postpone tax cuts and settle for a balanced (if bigger) national budget and a fiscal policy that keeps a tight checkrein on inflation. Nonetheless it is plain that Humphrey is not happy with the course of ever-growing Republican government...
...framework set by foreign policy, the President moved easily to the "inescapable need for economic health and strength if we are to maintain adequate military power and exert leadership for peace in the world." The ultimate economic aims are still a balanced budget, a reduction of taxes, and a checkrein on "the menace of inflation." But "the momentum of past programs' (i.e., Harry Truman's commitments) will delay tax reduction until "we can succeed in bringing the budget under control" (unlikely...