Word: deficit
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Dates: during 1960-1969
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After raising the price tag twice, the Administration finally concluded that the budget deficit for fiscal 1962 will be about $6.9 billion, less than the peacetime record of $12.4 billion in 1959, but far from the hopes Kennedy held before Soviet threats forced the U.S. into an accelerated arms buildup. Kennedy still promised a balanced budget for 1963 "barring extraordinary and unforeseen defense requirements"-and he clearly felt that now is the time to begin working toward it. "Appropriations," he told the heads of federal agencies, "are only a ceiling, not a mandate to spend . . . The current outlook re-emphasizes...
...producing corporations after production of weapons had ceased, thus maintaining the status que. In proposing various less costly courses of action for the government, Fasteau eludes the traditional trap for budding economists; disregard of the political verities. He recognizes the widespread tendency to identify Keynes with Communism and temporary deficit spending with personal insolvency. Unlike most of his elders, however, he stresses the value of a public information program as an effective means for eliminating these misconceptions. Flitting from dislocation in Southern California to foreign exchange difficulties, Fasteau surveys the specific problems in terse, but able fashion...
...Detroit has lost $16 million in taxes in the past four years. The nonprofit Citizens Research Council of Michigan warns that Detroit is headed for a $15 million deficit in its 1961-62 budget...
...point is that if the Crimson can't beat Columbia, i will already be a game behind Yale and Frinceton. Even with Ohiri playing late in the season, this deficit could be difficult to overcome. However, there is no real doubt that Harvard--with or without Ohiri--will be the favored team this morning...
...fumble struck down one of the league's more promising elevens this week. The situation was almost classic: Kirkland House, after rallying from a 6-0 deficit to an 8-6 lead, trailed the Leverett rabbit by 12-8. But Kirkland had the ball on the Leverett 3, and had downs and time for a couple more plays. It looked for a moment as if the Deacons might only need one, but a jarring collision on the one-yard line sent the ball squirting into the end zone, where a Leverett back pounced on it. Play resumed on the Leverett...