Word: deficiteer
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Dates: during 1960-1969
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...special session of the Bundestag, German lawmakers last week nodded their approval of Mifrifi,* a pro gram of stern tax measures and lower government spending designed to elim inate a $16 billion budget deficit for 1968-71. Paradoxically, they also approved an extraordinary budget for a $1.3 billion public-works program. Both moves were part of an effort to boost the German economy from the recession that began last fall...
Though the program has little chance of passage in the House-even if it gets through the full Senate-it was nonetheless a considerable embarrassment to the President, who would dearly like to appear as the champion of the cities, yet faces a $29 billion budget deficit that inhibits him from proposing any new and costly reforms that might strike at the heart of the urban malaise...
...House, the times suggested sharp cuts in U.S. aid commitments abroad. The huge costs of the war, urban turmoil at home, and the President's request for a new 10% surcharge on income taxes all convinced scores of Congressmen that some part of a looming $29 billion federal deficit could be offset by performing major surgery on foreign aid programs. The Senate, for its part, had already slashed the bill by some $750 million...
From a 1963 deficit of $32 million
...case for increased revenue. The cost of the war, along with domestic spending, is running as much as $8 billion higher than anticipated last January. The surcharge would bring in $6.3 billion in the current fiscal year, and, along with other tax adjustments, would reduce a horrendous national budget deficit of $29 billion to between $14 billion and $18 billion. Thus, they argued, the surcharge is vital therapy for an economy whose current expansion (see U.S. BUSINESS) threatens, if unchecked, to result in a new spiral of inflation, tight money and rocketing interest rates...