Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Kenneth Childs, president of Los Angeles' Home Savings and Loan Association, figured that "sound business judgment would indicate that tax cuts in the face of deficit spending would be difficult to justify." Boston Banker Richard Chapman thought that "it's wrong to raise doubts about the fiscal sanity of the country and the soundness of the dollar." Besides, the cheering fact is that the economy looks a bit brighter than a few weeks ago. Said Inland Steel's Chairman Joseph Block: "We are not in any economic crisis which might favor the Government's busting right...
...Irritated by Byrd's opposition, Truman made his famed offhand remark: There were, he told a White House visitor, "too many Byrds in Congress." Predictably, Byrd liked Ike-but the pair came to a parting of the political ways when Eisenhower ran up that whopping $12.4 billion budget deficit in 1959. "I didn't like that thing about sending those troops down to Arkansas either," recalls Byrd. Byrd has inflamed the segregation issue in Virginia with his demand for massive resistance to school integration. He has denounced the N.A.A.C.P. and "the Warren Supreme Court," and pleaded...
...markets abroad were barely affected by Wall Street's fall or rise. On the frenetic Tokyo exchange, stocks have been depressed for months because of the government's stringent credit restrictions aimed at easing the balance-of-payments deficit. And South Africa has so isolated its economy from the rest of the world that there has been hardly a ripple of reaction on the Johannesburg exchange to Wall Street's recent ups and downs. But gold stocks have begun to rise again because speculators remain unconvinced by President Kennedy's dramatic denial that the U.S. would...
...present fiscal year are about the same as two years ago, but profits are down 30%. Chrysler is an exception. By virtue of severe cost-cutting measures that will slash $60 million off the payroll this year, it has turned last year's first-half $16 million deficit into a $12 million profit, even though sales and earnings are well below 1959 and 1960. As usual, smoothly managed General Motors is doing fine. For the past six years, in fat times and lean, it has consistently brought home returns of 6.7% to 7.8% on sales−and in this...
Exports: Timber, palm oil, peanuts. Per capita income: $40. U.S. aid (1961): $100,000. High-deficit agricultural economy subsidized from France, but projected hydroelectric and aluminum complex is planned...