Word: deficits
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Dates: during 1960-1969
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...Council of Economic Advisers. For two days, the witnesses piled statistic on projection to prove essentially two points: that without the tax increase inflation will grow ever more serious, and that the added revenue is sought not to finance new spending programs but to hold the federal deficit to a manageable figure...
...remains bleak. Even if Mills relents in his personal opposition to the measure, the sentiment in the House is now over whelmingly negative. Many in Congress believe that Johnson has been "cooking the books," as they say in the House of Commons, in order to make his spending and deficit forecasts seem smaller than they will actually turn out to be. Mills insists that the Administration must hold the line on expenditures before he will accept a tax increase. The G.O.P. position, maintains Republican Leader Gerald Ford, is still that the best way to curb inflation is to cut spending...
...convivial gimmickry of $100-a-plate dinners and rah-rah cocktail parties, both Democrats and Republicans find it difficult to fill campaign fund quotas without dunning donors. Imaginatively seeking to solve the problem - and dissolve an $80,000 election year deficit - the Massachusetts Republican Party last week put out a picture-and-prose paean to the Bay State entitled Massachusetts - The Anatomy of Quality...
...Pennsy, was not widely diversified; he warned that a dip in the general economy would cause the Central painful headaches. Last year's mini-recession proved Saunders right. Rail returns for the less diversified Central during the nine months figured so far showed a $2,640,000 deficit, while Pennsy earnings held up substantially better. Suddenly the Central's merger enthusiasm revived...
...huge new markets with "dry" electrostatic copiers requiring no messy chemical developers. APECO tried to do the same, but its first electrostatic machines were plagued by costly production defects. From a 1961 high of $4,925,000, its profits went downhill, and in 1966 the firm finished with a deficit...