Word: impound
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...raised by a 15% surcharge on present income taxes. An income tax increase is unlikely this year, but it is a real possibility for 1974. Nixon could call for a raise -and blame Congress-if Congress mandates greater spending than he wants, the courts rule that he cannot impound the funds and the economy becomes so strong that big budget deficits would be inflationary...
...version of the fiscal '73 budget and a budget for fiscal '74, which begins in July. It is unlikely that he will reach his $250 billion limit for this year. Something like $254 billion is more probable, but to get that Nixon would have to impound as much as $4 billion in funds already approved by Congress and thus risk a battle with Capitol Hill. On the assumption that Nixon will hit the $254 billion mark, Alan Greenspan, a member of TIME'S Board of Economists and a frequent Nixon adviser, has reduced his estimate of this...
...Nixon would simply refuse to spend some of the money which Congress had appropriated. Congress is the branch of government delegated to make final decisions on the budget, and Sen. Sam J. Ervin of North Carolina, a constitutional scholar, promised that he would bring suit if Nixon tried to impound money which Congress had decided to spend...
...still a closely guarded secret, the late author Cleve Cartmill wrote a short story for Astounding Science Fiction describing in uncannily correct detail how such a weapon might be made and used. U.S. security officials, appalled at the story's resemblance to reality, at first threatened to impound and classify all copies of the magazine. Then, realizing that banning the issue would draw even more attention to the bomb story, they nervously allowed the magazine to go on the newsstands...
Applying the principle of "response cost," some psychologists also say that a punishment must be in the same terms as the crime. Instead of fining a speeder, for example, they would immediately impound his car or license and make him walk home. Conversely, a cash theft might be dealt with not by jail but by a stiff fine equivalent to reparation. Another possibility for changing criminal behavior is "aversion therapy," which is used, for example, to cure bed wetting in children. Instead of chiding or coddling the child, the therapist has him sleep on a low-voltage electric blanket linked...