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...With the ink of the Pentagon papers barely dry, figuratively speaking, our military mythmakers are back to the brainwashing techniques with which they manipulated American hearts and minds during our interminable Indochina involvement...

Author: /time Magazine | Title: Forum, Jun. 9, 1975 | 6/9/1975 | See Source »

Providing More. Still, Ford stressed that nobody blames poor Beame for the mess. The mayor faces an estimated budget deficit of $120 million for this fiscal year, when total spending will reach $11.8 billion, and a walloping deficit of $641 million for 1975-76. But the red ink was years in the making; it flowed especially during the profligate, sometimes inept administration of John Lindsay, who accelerated the practice of borrowing heavily to meet current expenses...

Author: /time Magazine | Title: CITIES: Saying No to New York | 5/26/1975 | See Source »

...Last week, after months of study and debate, the Senate voted a $365 billion ceiling on spending and a $70 billion deficit for fiscal 1976, which begins July 1. The House proposal was only slightly different: $368 billion in spending but also $70 billion in red ink (the House guessed more in revenues than the Senate...

Author: /time Magazine | Title: BUDGET: Restraint for Now | 5/12/1975 | See Source »

...place where inflation has not made the dollar cheaper is the Government's greenback-manufacturing Bureau of Engraving and Printing. Rising paper and ink prices have pushed the cost of printing 1,000 bills of any denomination from $7.76 to $11 in the past three years. To cut costs, Bureau Director James A. Conlon wants to re-introduce the $2 bill, which was retired from circulation in 1966-by which time it was being issued in such small numbers that it had become a curiosity...

Author: /time Magazine | Title: Business: Economy & Business, May 12, 1975 | 5/12/1975 | See Source »

...spending programs now taking shape on Capitol Hill. The White House and Congress are already well launched into a Keynesian experiment of trying to spend the country out of recession. As a result, the budget deficit ballooned to $7.85 billion in March, a record for any month; the red-ink figure for all fiscal 1975, which ends June 30, could exceed $45 billion...

Author: /time Magazine | Title: OUTLOOK: The Upturn: How Soon? How Strong? | 5/5/1975 | See Source »

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