Word: deficits
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Dates: during 1970-1979
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...peace bill comes at a time when Carter is fighting to hold down the federal budget deficit, advocates of various domestic programs are clamoring for more money, and inflation is a foremost concern of Americans. White House aides scoff at any inflationary impact of the treaty. "It's just a flea bite on that elephant," says one. But as the near euphoria over the peace treaty fades and the costs linger−and most likely increase−congressional and public resistance to paying the price could yet prove a formidable problem...
...addition, the Post quoted Hayes as saying that Carter had concealed a $500,000 deficit in payments on the N.B.G. loan...
...largest party in his own coalition, the Gaullists. Last week, at the insistence of Gaullist Leader Jacques Chirac, the French parliament was called into emergency session for the first time since World War II. Although Barre has succeeded in stabilizing the franc by turning France's trade deficit into a surplus, he has been unable to lower inflation, currently 10.2% annually. Moreover, his policies led to a one-third increase in unemployment, which last month reached a new high of 1,284,800, or 5.8% of the work force...
...model: West Germany's free-enterprise-oriented economy. Barre's government has already dismantled an archaic system of price controls that contributed to inflation because it eliminated incentives to lower prices in a competitive market. Now the Premier wants to curb the flow of public funds into deficit-ridden industries, and he has urged managers to streamline their operations by laying off workers if necessary...
...states and localities. In many cases, the money for the raises is available because federal largesse pays for programs that the legislatures would otherwise have to fund. Government programs will this year enrich state and city coffers by $82 billion, an amount more than double the projected federal budget deficit of $33.2 billion. Thus Washington finds itself handing out cash that is being used to undermine its fight against soaring living costs, which are now climbing at an annual rate...