Word: deficit
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Dates: during 1960-1969
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...history. It was Heller who, over the initial objections of Treasury Secretary Douglas Dillon, successfully argued President Kennedy into backing a tax cut. And it was Heller who in effect changed the nation's economic course by winning first Kennedy, then Johnson, over to the philosophy of deficit spending as a stimulant for a sluggish economy...
...While Ahead. But Ackley is every bit as activist and liberal as Heller. He is recognized as the CEA's expert on domestic monetary policy, was one of the leaders in urging Kennedy to attack the balance-of-payments deficit by imposing an interest equalization tax. He can be expected to fight for the maintenance of present wage-price guidelines, work for continued easy credit, try to devise new means of reducing unemployment, and in general follow the blueprint of his predecessor. But he is cautious about predictions and somewhat wry about his promotion. "Walter had enough sense...
...scalawags" and the "hardcore radical right" be thrown out of the G.O.P. "The present party leadership," he said, "must be replaced -all of it." Some moderates were upset over reports that the G.O.P. had wound up the 1964 campaign with a $1,200,000 surplus instead of the usual deficit, suggested that the money was withheld to strengthen Goldwater's grip on the party...
...latest decrees, the government encourages factories that show a profit to reward workers with pay boosts and bonuses, while enterprises running a deficit will have to lower wages to bring them in line with productivity...
Radcliffe, with a partial total of $4350, is slightly above its final total for last year but far below its goal of $6000. Stapleton ascribed the deficit to an over-optimistic estimate rather than any Cliffie apathy...