Word: deficits
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Dates: during 1970-1979
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...revised his strategies in other areas. "Proposition 13 was a watershed for us too," said one of his aides. Despite the big hoots he made every other week against Jimmy Carter's budget cuts, Kennedy accepted the President's overall spending totals, including the $29 billion deficit. He saw the political realities and the appeal of reduced spending, like everybody else. But like that of no one else in U.S. politics, Kennedy's appeal transcends ideology and so his new fiscal posture has caused little change in his superliberal reputation. His disagreements with Carter over federal spending...
...trade surplus continues to pile up. Last year it rose to $24.6 billion, from $17.3 billion in 1977. Imports of Toyotas, Sony TVs, Nikon cameras and other Japanese goods to the U.S. outpaced American exports to Japan by $13 billion, accounting for fully a third of the American trade deficit...
Lafleur had been the impetus behind Montreal's late comeback from a 3-1 deficit as the third period began. At 6:10 he circled the Boston cage, then spotted Mark Napier streaking netward and gave him a perfect set-up. Two minutes after that, Lafleur repeated the trick as Guy Lapointe tied it from the point...
...contributing to nuclear proliferation but would be blamed for intensifying tensions in the Middle East. But breaking the $350 million contract and risking Iraqi ire was unthinkable. Iraq is France's second largest supplier of oil, and the reactor deal has also helped keep the French trade deficit from spiraling higher...
Other problems becloud the generally bright landscape. The Hong Kong dollar has lately slipped 8% against the U.S. dollar because the colony suffered from a $1.8 billion trade deficit last year and is experiencing double-digit inflation, caused largely by an influx of foreign investment and a sharp rise in bank loans for Hong Kong's overheated real estate and property development market...