Word: frugality
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...TAXES: Johnson wants to cut by about $1.5 billion federal excise taxes on retail items, perhaps including luggage, jewelry, cosmetics. Congress is eager indeed to slash excise taxes-so much so that there is considerable agitation to repeal nearly all of them. Frugal Lyndon wants to stop far short of that and may run into rugged opposition to holding the cuts down to his figure. But Albert is slightly optimistic, says: "I do think something can be worked out." The President also wants Congress to ensure quickie tax-cut procedures that would allow fast-but temporary-action should a recession...
...absurd and useless antique," for "completely disarming the U.S., for doing away with our Army, Navy and Air Force," for continuing programs that will "wipe out the value of all their savings, their life insurance policies, their bonds and mortgages, and will redistribute wealth from the industrious and frugal into the hands of the shiftless," and for "more riots to be instigated by racial agitators, for more racial bitterness, and for greater use of all these fomented troubles to forward Communist purposes...
...most powerful weapons in the War on Poverty. Through it the Office of Economic Opportunity can harness some of the crusading energies that individual Americans usually save for their political campaigns. But VISTA will not be pampered; the Volunteers will have to be reafed on a relatively frugal budget estimated at five million dollars. And in many ways the program's potentialities have been slighted...
...SCOTCH, by John Galbraith. In this memoir of his childhood in a frugal Scotch community in Ontario, the author of The Affluent Society documents the tightwad society. It is a diverting study of the Scotch and an intriguing, ironic insight into the formative influences that made Economist Galbraith an evangelist of big spending...
...GOVERNMENT SPENDING. Citing the goal of "a balanced budget in a balanced economy," the plank pledges to "continue a frugal government, getting a dollar's value for a dollar spent." The G.O.P. plank promised a reduction of "not less than $5 billion" in the present spending level...