Word: deficits
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Dates: during 1980-1989
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...Union leaders counter that such claims are exaggerated. Economists are of no help in resolving the dispute. Beryl Sprinkel, chairman of the Council of Economic Advisers, says a $4.65 base rate would eliminate 600,000 jobs, cost consumers $13 billion more a year and add $2 billion to the deficit. The Congressional Budget Office has projected that 500,000 jobs would be lost. But Economist F. Gerard Adams of the University of Pennsylvania argues that a higher minimum wage would cost no more than 100,000 jobs by 1990. Reason: most unskilled workers would be able to find jobs because...
BOSTON--Speaking at a Faneuil Hall forum Wednesday night, former President Gerald R. Ford praised the certain Republican nominee, Vice President George Bush, for his extensive foreign policy experience, but accused both Bush and his Democratic rival for the presidency of offering vague solutions for reducing the federal deficit...
Ford, who ascended to the presidency after Richard M. Nixon resigned in August 1974, mocked Bush's suggestion of a "flexible freeze" and Gov. Michael S. Dukakis' proposal for increasing revenues through better tax collection as means of cutting the deficit. "I haven't seen very much definitive from either," Ford said...
Stressing the need to reduce the federal budget deficit, which he called a "time bomb," Ford said it should be the next president's first priority. Ford defended the Bush campaign's pledge of not raising taxes as a prudent move while stating that a candidate should instead emphasize cutting waste in the federal bureaucracy...
Besides reducing the budget deficit, Ford saidthat the main issues facing the next president arereducing the trade deficit, improving relationswith the Soviet Union by agreeing to further armsreduction measures, resolving the ongoing disputesin the Middle East and establishing "a better,more constructive working relationship withCongress" than the Reagan Administration...