Word: democratization
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Dates: during 1960-1969
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...record. There were inflationary signs, a big balance-of-payments deficit, pressure on the dollar after Britain's devaluation of the pound. Economists and politicians began talking about "profitless prosperity." When Johnson asked belatedly for a 10% surcharge on income taxes to damp down the supercharged economy, Arkansas Democrat Wilbur Mills, Chairman of the House Ways and Means Committee, insisted on an equivalent cut in federal spending that the President was unwilling to make...
...midyear decision to raise his unfulfilled demand for a 6% surcharge to a demand for 10%. The President and his aides, basing their case on a debatable vision of future trouble, argued that only by raising taxes could the soaring federal deficit be shaved enough to avoid inflation. Arkansas Democrat Wilbur Mills, chairman of the House Ways and Means Committee, insisted that the kind of trouble he saw-cost-push inflation from rising wages and prices-might only be aggravated by higher taxes. Besides, he argued, the economy was not nearly so strong as the Administration maintained...
Even after the Senate censured him, Connecticut Democrat Thomas Dodd went ahead with plans to bring a libel suit against Columnists Drew Pearson and Jack Anderson. Most lawyers knew, however, that he had little chance of success in the wake of the Supreme Court's 1964 New York Times v. Sullivan decision, which makes it all but impossible for a public official to win libel suits unless he can prove malice by the defendant. Recognizing that fact, Dodd last week withdrew the libel action, though he continued to press suit against the newsmen for having conspired in the stealing...
...conies from experience," he says. "I know most of these people personally and I know when something will hurt them. I can get away with nuances and insinuations that will sting them a little." He is, says a friend, "lethally neutral." Every target -tycoon or President, Republican or Democrat, general or sergeant, victor or vanquished-gets equal time...
...consider myself the Democrat," McCarthy answered. "If you accept the 1964 convention as a standard, I'm much closer to what Democratic delegates voted for in a platform, and I'm much closer to what Democrats voted for in the election...