Word: deficit
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Dates: during 1960-1969
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Indeed, the large federal deficits and the tax reduction program make it more difficult to put across any speeding programs. But to blame the President for the failure in most unjust. The opposition to federal intervention, the segregation issue, the burden of the military, the wide-spread fear of the large deficit, the church issues--all of these, not the President's lack of interest, explain the slow progress. Even with the support of Senator Taft, and before segregation became an issue, the government failed to put across a federal aid to education bill in the late 1940's. Seymour...
Particular countries and the rationale for the $500 million figure that the Committee plucked, seemingly, from the air, are not the only points that it has been reluctant to talk about. It shows concern about the deficit in U.S. balance of payments accounts, but will not say where these deficits lie or how changes in foreign aid might correct them, aside from approval of an existing policy to the funds to purchases of American goods. It dismisses debate of all the proposals for new international monetary arrangements with the grandiloquent dogma that: Upon international dollar convertability at the existing gold...
...losses and cannot afford the new facilities, the equipment and the more frequent schedules needed to attract more passengers. Consequently, revenue--and the level of equipment and service--continue to fall. The MTA carries far fewer people today than when it was formed in 1947, and it had a deficit last year of sixteen million dollars; the plight of the New Haven's commuter lines is well-known...
Boston's transit systems, though already extensive, might still benefit from the Williams Bill. The MTA, currently operating with a heavy deficit, could quality for federal loans or grants to rebuild the Charlestown El and extend it to Medford and Malden. Builders of the proposed South Shore monorail might also borrow or be given federal money...
...trade surplus with almost every nation but the U.S., the interest and dividends on U.S. investment in Canada-$570 million last year (boosted another $246 million by management services to mostly U.S.-owned firms) -make up by far the largest part of an annual balance-of-payments deficit that last year totaled $848 million...