Word: deficit
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Dates: during 1960-1969
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...controls, the main federal influence on the economy is the budget. But which one? The traditional administrative budget measures the amount the Administration will ask of Congress in the form of appropriations. For fiscal 1968, beginning next July 1, it amounts to $135 billion and contains an $8.1 billion deficit. This seems a further invitation to inflation. But last week, for the first time, the President emphasized the more comprehensive national income accounts (NIA) budget, which includes trust funds, such as social-security money. Although larger than the administrative budget $169.2 billion for '68-the NIA deficit is smaller...
...Deficit...
Peter B. Rosenbaum '67, PBHA president, and Chester E. Finn '65, PBHA graduate secretary, had originally asked the University for $21,000 to cover an anticipated deficit next year...
...efforts to spread a fair amount of butter through the bullet-heavy budget, Johnson is certain to come under attack. Many of his fellow Democrats are angry at his emphasis on the military at the expense of welfare programs. The G.O.P., unhappy at the prospect of an $8.1 billion deficit on top of this year's projected $9.7 billion gap between intake and outgo, insists that more domestic programs must...
...family-controlled Rootes firm, harried by labor troubles, lost $8.4 million in the fiscal year that ended July 31, and estimates are for an additional deficit of $13.3 million in the first six months of the current fiscal year. Moreover, ambitious expansion plans make a major infusion of new money absolutely mandatory. About the only alternative to the Chrysler acquisition was one by government itself-and the Labor ministers wanted no part of that. "The takeover of Rootes by the British government," Mr. Wedgwood Benn explained, "would have involved massive sums of public money without any guarantee that Rootes would...