Word: deficits
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Dates: during 1960-1969
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...peyote. A Gallup sampling showed that 58% of Americans consider income taxes too high-and the figure will surely swell if Johnson decides to slap a 6% surcharge on income tax rates. If he does not, the Administration may well end the current fiscal year with a deficit of $13 billion, breaking Ike's peacetime record of $12.4 billion in 1959. And some Republicans claim that it could go as high as $25 billion, fueling a serious burst of inflation...
...reluctance to expose himself to the kind of grilling that a presidential candidate must endure daily-even hourly. He is also in trouble at home, where the state senate has rejected his proposals to levy personal and corporate income taxes in order to avoid a $147 million deficit...
...deficits totaling $24 billion in its international accounts. And be cause the U.S. permits foreign countries to exchange their dollars for U.S. gold, the balance-of-payments deficit has severely eroded the U.S. gold stock. Today, in the unlikely event that all foreign governments decided to cash in all their dollars at the same time, the Treasury's $13.1 billion store of the precious yellow metal would simply disappear. Last week that unlikely possibility prompted the nation's two largest banks to call for some major changes in U.S. gold policy...
...remarkable degree, both suggestions echoed a thinly veiled warning issued last month by Treasury Secretary Henry Fowler, who said that European countries are inviting economic retaliation by their failure to help the U.S. end its balance-of-payments deficit. Last week, in a subtle move giving substance to that message, the U.S. offered to boost its dollar aid to poor countries through the World Bank only if an increased share of the bank's loans was used to buy U.S. products. Moreover, Washington insisted that the U.S. share of such "soft loan" largesse be trimmed from its present...
...Brown says, "nobody seemed to listen to me. After all, they could watch this good-looking guy on TV." Brown claims Reagan never criticized any of these programs or offered constructive solutions to the state's budget problems, but simply capitalized on the public's fear of deficit spending, big government, and possible corruption in an entrenched administration. Not until after the election did Brown realize that "people just got tired of hearing the same voice and the same thing said...