Word: deficits
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Dates: during 1950-1959
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...mile road, some Nepalese concluded that Nehru was planning to take over the country-an attitude that India found as disconcerting as the U.S. often finds India's. Of the $12 million that Red China is pouring in, most has vanished down the well of government deficit, and Nepal has flatly refused to allow Chinese technicians inside its borders. As for recent U.S. aid-development projects in more than 1,200 villages, the ridding of the Rapti Valley of malaria-carrying mosquitos, the building of more than 600 classrooms, a $5,000,000 system of roads...
...public funds--but this does not necessarily imply that they are therefore undesirable. Admittedly, expenditure programs have a long-run rather than immediate impact on the economy; still, their value, socially and economically, is certain. A recession is not the time for the government to economize, and fear of deficit financing often implies fear of positive action...
...Dogherty said that it was possible that board charges for the College might rise next year. According to Lewis G. Wiggins, Comptroller of the University, employees' wages have risen, food costs have risen, and "chances are that board will go up again." The dining halls ran a $22,500 deficit last year, he noted...
U.A.W. SALARY CUTS are on way to offset current $200,000 monthly deficit caused by auto layoffs. Salaries of President Walter Reuther ($22,000) and 24 other executives will be slashed 10% ; some 100 staffers will be laid off. Big worry: U.A.W. now has $24 million in strike fund, far short of $50 million goal set for early June, when auto contracts will have expired...
Smith: But I doubt it's the way to solve the depression. It would make the deficit too big and it would be too demagogic to do good where it is most needed...