Word: greenspan
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Dates: during 1970-1979
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GOVERNMENT SPENDING CUTS. Alan Greenspan argues that "the $4.7 billion reduction in this fiscal year's budget and the one-year delay in the welfare bill are the most important moves in the longer run. If we do not reduce our huge deficits, we will have grave difficulties controlling inflation." To that contention David Grove adds: "Instead of the cuts, I would have preferred more fiscal stimulation. The reductions were mainly a political maneuver, to show that everybody has to sacrifice. President Nixon was saying, 'See, we are making cuts...
...about setting a precedent. Would the Government always step in to save a huge, politically powerful company that had tumbled into trouble over a commercial project? Many Lockheed critics noted that businessmen usually decry Government intervention, but they then run to the Government when they want help. Economist Alan Greenspan, a frequent Nixon adviser, warned that if the Administration made private credit available to one privileged firm, the supply of credit that is available for all will be reduced...
Major firms in the oil, tobacco, railroad and electronic industries scored profit gains as well. Still, the overall earnings growth is hardly spectacular, especially since it is computed against a bad first quarter in 1970. Alan Greenspan, a Republican economist close to the Administration, estimates that overall after-tax profits for the year's first three months rose only about 3.9% above those of a year...
...Government may have to do that, as well as reinstate the 7% investment tax credit for business. Last week Senator Edmund Muskie, front runner for the Democratic presidential nomination, said that "we must accelerate some of the personal tax savings now scheduled for 1972 and 1973." Economist Alan Greenspan, a onetime Nixon adviser, figures that the odds are 2 to 1 in favor of the Administration's doing that. Estimated annual savings to taxpayers: $4.5 billion...
...Boston's educational television station, produces the program, and the 21-inch Classroom, a bureau of the Massachusetts Board of Education composed primarily of professional educators, plans and writes it. "Some people know about kids, and some people know about television, but very few know about both," said Peter Greenspan, a field representative for the 21-inch Classroom. No audience survey for "How Can I Tell You" has been taken yet, but currently 180 school systems comprising 700,000 pupils subscribe to the 21-inch Classroom for rights to their programs. A bill now in the State House of Representatives...