Word: deficit
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Dates: during 1960-1969
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...form of soupy gruel. A Calcutta schoolteacher who makes $55 gives his children two meals a day, but can afford to eat only once daily himself. Worse off still is the hapless Bombay textile mill worker, who must overspend by $6 monthly and make up his deficit by borrowing from money lenders...
...quarter of 1964, U.S. exports to Britain and the Common Market rose 25% to $1.5 billion, and for all of 1964 they are expected to reach a record $8.5 billion - an increase important both to the vitality of the U.S. economy and to the U.S. balance of payments (whose deficit, the Government reported last week, was reduced to $800 million in 1964's first half, compared with twice that amount in previous years). The vigor of this trade is fed, of course, by the virtues of improved U.S. technology, a wealth of new products, and a harder sell...
...white-faced Herefords lying unconcernedly beside the driveway and peacocks strutting among the ancient liveoak trees, Johnson held a lawn-chair news conference. This time he had a few things to say. For the third time since the original budget message of January 1963, Johnson cut his estimate of deficit spending for fiscal 1964-this time by $500 million-to a total $8.3 billion...
...Cabinet described how much has to be done. Brazil's state-owned railway system is losing $1,000,000 a day, the social security system, which still owes $40 million on last year's debts, cannot meet present commitments, and the country's overall federal deficit this year will reach $425 million-one of the highest in Brazil's history...
...three-minute journey from his office in the Executive Building to Lyndon Johnson's office, where he and the President held earnest conversations; Johnson also telephoned him from the presidential jet en route to Texas. At week's end, when Johnson announced a lower 1964 deficit and a greater budget cut than earlier estimates, there was, typically, no sign of the man who had done most of the work and made many of the cuts possible: Kermit Gordon, 48, Director of the Budget...