Word: fechter
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Dates: during 1970-1979
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Revenue Sharing. Yet Alan Fechter, an economist with the Washington-based Urban Institute, concludes that a lump-sum $1 billion outlay would not create the 200,000 new jobs that Labor Secretary Brennan foresees, but only about 50,000. Local officials, he argues, tend merely to substitute the federal funds for state and local money that would have been spent anyway...