Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Government service wittily expressed a major fact of life: the U.S. citizen as well as the U.S. Government is deeply in debt-and not only deeply but permanently. Increasingly, tycoons measure their millions as much by what they owe as by what they own. The federal budget shows a deficit of $3.8 billion for fiscal 1965, and Congress has just raised the debt ceiling from $324 to $328 billion. Personal debt, rising faster than the Government's, is above $264 billion; this year it will climb another $26 billion, or more than the combined gross national products of Ireland...
...Government may or may not serve as a model of responsibility, but it has become deeply committed to deficit financing. The Treasury in effect admits that the current national debt will never be substantially reduced. When a spurt of tax revenues during this year's first quarter temporarily narrowed the deficit to only $100 million, many of Washington's activist economists actually grew nervous; the last thing they want the Administration to do is balance the budget. They feel that the recent tax cuts are not enough to keep the economy stimulated and that increased Government spending...
This July, Pitt faces its fifth successive operating deficit, for a cumulative total of $19.5 million. Last week a bill began moving through the Pennsylvania legislature to provide an emergency appropriation of $1,250,000 just so the private university can meet its July payroll. The school is seeking $4,000,000 more in extra state help to get through the next 14 months. Governor Wil liam Scranton has ordered the State Council of Higher Education to investigate Pitt's finances. The Ford Foundation has appointed Indiana University Chancellor Herman B. Wells to head a study of the school...
...BUDGET DEFICITS. June estimates indicated that tax revenues were going to be $1.6 billion higher than anticipated for the fiscal year ending June 30, and that federal spending would be down about $900 million from what was predicted. Said Johnson: "The budget deficit, therefore, will be only $3.8 billion-which is $2.5 billion less than the $6.3 billion we estimated in our January budget. I know this is good news to all of you who look forward, as we do, to a balanced budget in the years ahead. I said plural-'years...
...BRITAIN. The country is living beyond its means in an expansive but troubled economy. Consumers spend freely while prices and wages soar. Government efforts to constrict home consumption have yet to be felt. Result: problems are multiplying for the beleaguered pound. Britain's trade deficit widened to $137 million in May, the highest since November, thus reviving doubts abroad that Britain can squeeze by the fall without another financial crisis...