Word: deficits
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Dates: during 1960-1969
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...have even begun to think of abnegation. This comes, of course, from the fact that universities and colleges have quadrupled their enrollments and they have to bid high for even the poorest of staff. We cannot do a great deal about this, immediately, but we can stop blaming the deficit on Anglo-Saxon and Sanskrit, on research papers and the writing of books, and on concentration on periods of interest which are not strictly contemporary. Only too frequently knowledge of the contemporary is quite a bore, and it offers very limited perspective. I should like to take in hand...
...retroactive to January 1 for corporations and to April 1 for individuals, should garner $10 billion in a calendar year to offset a deficit that could run as high as $25 billion - even after the cutback in expenditures - and bolster sagging international confidence in the dollar. During the second quar ter of 1968, the U.S. economy is expected to equal the first quarter's $20 billion leap forward in gross national product. With no rein on the economy, Johnson reasoned, inflation could lop 40 off every dollar's purchasing power during the year and help price U.S. exports...
...consumer income, would swell imports and cut exports at a time when the country has already run into balance of payments difficulties. The French payments surplus, which amounted to $286 million in 1966, dwindled to nothing last year; even before the crisis, France was expecting to run a slight deficit this year...
...speculators might wreck the two-tier system of gold prices that has unhitched the gold market from the $35-per-oz. gold price for monetary reserves. Still, the system's durability depends chiefly on how fast the U.S. regains control over its inflation and persistent balance of payments deficit. As last week's rise in interest rates showed, the U.S. is still losing ground in that battle...
...been heaviest. In the Philippines, where the number of American troops and dependents has increased to 50,000 since the start of the Viet Nam buildup, the U.S. military outlay last year was $150 million, which helped considerably in easing the effects of Manila's outsize trade deficit...