Word: deficit
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Dates: during 1960-1969
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...themselves the President's Club, chipped in $1,000 each to throw a birthday party for Kennedy at the Waldorf-Astoria. He would not be 46 for six more days, but it was a good excuse to come to the aid of the Democratic Party's chronic deficit with an estimated $600,000. During the dinner, a smiling Kennedy table-hopped to shake the generous hands. Alan Jay Lerner, the My Fair Lady lyricist and a Kennedy schoolmate at Choate and Harvard, directed a show-biz crowd that included Jimmy Durante, Louis Armstrong, and Brother-in-Law Peter...
...bankruptcies increased 46% last year, the cost of living rose 50%, the peso dropped 67%, and the gross national product actually slipped 3.9%. Argentina's wheat crop and meat production-the country's two main exports-finished disappointingly low, and the nation's balance-of-payments deficit soared to $320 million. Argentina's total gold and foreign exchange reserves have also dropped from $351 million to $185 million-only a shade more than those of Morocco. The military men who half-run Argentina behind a civilian facade have promised elections to return the country to constitutional...
Only a few bad breaks kept the Crimson from taking the third set and the match. Hetherington served his way out of a match point at 7-6 and fought back from a 30-0 deficit to hold his serve four games later...
...increased their spending by no less than $70 billion in the past five years." Corporations need a bigger share of any tax cut, he contends, to spur investment. There is even more controversy over the Administration's proposals for continued high Government spending, which would bring a budget deficit of $10.9 billion...
...Itself. The deliberate deficit represents a reversal in President Kennedy's thinking. During his first year in office, Kennedy was so convinced that the budget should be balanced that he proposed to raise taxes, if need be, to prevent a deficit. By mid-1962 he and his advisers had changed their minds, were advocating a "quickie" tax cut to pep up the economy; but even then Kennedy did not argue that a deficit in itself was a virtue...