Word: deficit
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Dates: during 1960-1969
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...opposed it would be helping to bring economic ruin upon the land. If there is no tax cut. claimed Kennedy, then "the country will, in the not too distant future, be struck by its fifth postwar recession, with a heavy loss of jobs and profits, a record-breaking budget deficit, and an increased burden of national debt...
...threat of Chinese aggression, Desai boosted the budget by a staggering 33% to a record $3.8 billion; defense expenditures alone jumped 70%, to $1.8 billion. But Desai refused to squeeze the money out of the government's costly Five-Year Plan or even to rely on large-scale deficit financing. The cost will be borne by India's population-whose per capita income last year...
There was indeed at one recent time a consensus favoring a tax cut, but, judging by reactions registered on Capitol Hill, it has been drowned by waves of antagonism-stirred up largely by the Administration. The President has sent to Congress a lardy budget showing a deficit of $11.9 billion, thereby repelling members of Congress and plain citizens who are reluctant to see the deficit enlarged by tax reduction. The President's tax package itself has alienated a lot of potential support because it is flawed by political bias, provides relatively little net relief for middle-income taxpayers...
...final shaft, "after landing this plum he left for England and stayed 18 years." Philadelphia's Poor Richard Club was not amused. "Franklin may have had some human failings," said a spokesman, ''but at least he was able to run the Post Office with out a deficit...
...never have to worry about the future." The New Leader, a Manhattan-based biweekly with a circulation of only 28,500, wields influence out of all proportion to its size. It operates with a fulltime editorial staff of just three young men, threadbare offices and a chronic deficit. But to its loyal readers it remains one of the best journals of analysis and opinion in the U.S., distinguished for its international coverage and lucid reports of Soviet tyranny. "That the New Leader has survived these many years," said the magazine last week on its 40th anniversary, "is an understandable source...