Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Wise Europeans have long had a philosophy of export or die. Now, with its trade deficit so enormous, the U.S. should adopt such a philosophy. "But a large body of American industry is still very provincial," says Lyet. "The American businessman, who has a tremendous domestic market, is often not attracted to the never-never land of foreign markets...
Thomas O'Brien, vice president for financial affairs, said the loss of federal funds would be responsible for any deficit. He noted, as an example, that the school lost $90,000 when the federal government switched appropriations for fiscal year 1978-79, eliminating funds that were available in previous years...
President Bok said yesterday it is not yet clear whether the SPH will show a deficit. "Sometimes they fall short," he said. "What they're doing is saying: 'If we don't raise any money between now and then [the end of the fiscal year], we will run a deficit," he added...
Levy said this year's deficit, if it occurs, probably will not cause a serious problem. "One has to wonder if there's a significance to any given year if there's overall financial solvency," he added...
...Brien agreed, saying budget surpluses from the past several years would make up for this year's projected deficit...