Word: deficit
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Dates: during 1960-1969
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...hobbled it. Fair Deal economists issued dark warnings, but the economy whooshed off toward new highs. The doom criers were again out full force in the worrisome days of Recession Year 1958 when Eisenhower refused to use Government's heavy thumb for pushing the panacea buttons of subsidy and deficit spending...
...successful battles in 1959. In January, when he formally announced his determination to balance the budget at $77 billion, the lopsided Democratic congressional majority hooted and howled. Indeed, it seemed all but impossible at a time when recession and the challenge of the U.S.S.R.'s Sputniks had ballooned the deficit to some $12 billion...