Word: cutbacks
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Dates: during 1960-1969
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...reason that Shultz's influence has risen so rapidly is that he has performed well on a series of sensitive assignments. He pushed through Congress a compromise cutback in the Job Corps, placating supporters of the program by eliminating only the camps that had a poor record of placing graduates in jobs. In addition, he effectively broke a five-month impasse within the Administration over whether or not welfare payments should be extended to the working poor, a proposal that Arthur Burns, for one, argued would be too costly and would induce many people to stop working...
Overhead payments for research contracts will be about the same as last year. In terms of past performance, however, that leveling-off represents a drop in Faculty income. Until last year's cutback on government research, overhead payments had been steadily rising by at least ten per cent annually...
...Council of Economic Advisers, admits that they have a point. Because housing depends so greatly on credit, he concedes, the industry lies "at the end of the economic whipcracker." When the Government snapped that whip by severely tightening money in 1966, housing absorbed 70% of the resulting cutback in lending. Builders had not yet made up for their 1966 production losses before they were hit again...
...bombing of North Viet Nam. In it, he is likely to propose new action. If the present battlefield lull continues, Nixon may announce a suspension of the daily B-52 raids, already reduced. He will probably go ahead with a third stage of troop withdrawals, perhaps raising the total cutback for this year to the nice round figure of 100,000. The annual truce season of Christmas, New Year's and Tet is approaching; Nixon might offer a more extensive truce than has been customary, which, in effect, would be backing into an experimental ceasefire...
...Pearson recommendations have long been awaited, especially by the Nixon Administration. In his campaign, Nixon seemed to hint at a further cutback, stressing that "we are spread far too thin in too many countries." He has also said that he likes aid that "aids the U.S.A.," suggesting the use of assistance as a political tool...