Word: deficits
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Dates: during 1950-1959
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...Government to cut expenses, and yet support industry groups seeking more Government subsidies? Why is it that some labor leaders press hard for wage increases to keep up with the cost of living, and then urge a massive program of legislative action which, if adopted, would lead to more deficit spending, higher taxes, and inflation...
After the war, President Miguel Alemán plunged into deficit-spending on spectacular airports, dams, power plants. He winked at corruption in government, got rich quick. Puritanical Adolfo Ruiz Cortines, who followed Alemán in 1952, took the role of consolidator. He hooked up power lines and irrigation canals to Alemán's dams, cleaned up corruption, opened new areas for food growing. Quietly, he encouraged foreign investors to flood into Mexico with capital, machinery, ideas to feed the boom that incoming President Adolfo López Mateos inherited this week...
...elected a Congress likely to be less cost-conscious than its predecessor, the goal seems almost unattainable. Even if the Administration is right in its prediction that the economy's upward surge will push federal income in fiscal 1960 to an alltime record of $75 billion, a deficit of more than $4 billion still looms if spending stays at this year's level of $79.2 billion. And the pressures on spending are upward, not downward: the fantastically elaborate military hardware of the missile age keeps getting costlier, each international crisis makes defense cuts harder, and demand for Government...
...exceed even most optimistic estimates. Per share earnings for fiscal 1958 (which ended Sept. 30) jumped to $4.40 a share, v. last year's loss of $2.12. Profits climbed to $26 million (of which almost $12 million was made in July-September quarter), v. last year's deficit...
...find that the Administration would be willing to make up any deficit which the serving of liquor might incur," Hammond said, "the Club probably will try to get a license." Cost of a private liquor license in Cambridge is $1200, he added...