Word: deficit
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Dates: during 1960-1969
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...point: everyone, it seemed, would love a tax cut. But how big? Or how soon? Or what taxpaying bracket should receive the biggest benefits? Or, most important, should taxes be slashed even while the Kennedy Administration is requesting $98.8 billion for fiscal 1964-with a projected $11.9 billion deficit...
...from spending policy. Government spending must be paid for, either through taxes or inflation . . . While taxes are undesirably high, our past record of fiscal management has not earned us a tax cut. The fact is that in recent years we have consistently 'borrowed from the future' through deficit financing. The Federal Government has spent more than its revenue in 26 of the past 32 years . . . If the Federal Government's expenditures are increased, a tax cut means more deficit financing, an increased national debt, the threat of inflation and a loss of confidence in the soundness...
...Ramblers overcame a fifteen-point second half deficit and deadlocked the game with four seconds remaining. They won it on a tip-in by Vic Rouse with one second left in the overtime period...
...last night, the Chicago Black Hawks and the Canadiens were tied for second position with 79 points each. Then fifth-place New York Rangers ended the Canadiens' hopes of a second-place finish by smashing them 5-0 at New York. Meanwhile the Black Hawks overcame a 2-1 deficit to edge the cellar-dwelling Boston Bruins 4-3 to clinch second with 81 points...
...generate enough investment capital either to meet its own needs or to enable it to play an overdue role in world financing. So inadequate are its capital markets that Europe has to depend heavily on the New York money market, thus contributing to the U.S. balance of payments deficit...