Word: ink
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Doubled Burden. Today, that hubris has been drowned in a rising sea of red ink. In 1970, federal, state and local governments spent $60 billion more than they took in, and the deficit certainly yawned even wider last year. Meanwhile, taxes keep going up and up. Though federal taxes have been reduced since 1960, the cuts have been offset by severe increases in state and city income taxes, sales taxes, property taxes, Social Security taxes and "sin" taxes on liquor and cigarettes. Between 1960 and 1970, the tax burden on each American man, woman and child almost doubled, from...
Pray for Cash. The failure has been most conspicuous in Washington. Richard Nixon, who in the past has zealously denounced federal deficits, now admits that he is likely to run up the biggest three-year red-ink totals that the U.S. has ever experienced outside of the World War II period: an estimated $87 billion for fiscal years 1971 through 1973. The President argues persuasively that the deficits are necessary to spur a lagging economy. Even so, he has felt obliged to limit some programs that his Administration earlier had labeled top priority. For instance, the Labor Department has kept...
...same in the physics class where they are learning about internal combustion engines. Art class is a little softer. Younger children: they watch their teacher draw a branch and pine needles with an ink brush, and then they bend over their desks, their small hands brushing away...
Split Hairs. A dramatic life, in the eye of great events. A dramatic death, with the ink barely dry on the Stalin-Hitler Pact. No wonder interest in Trotsky has persisted into the new revolutionary age. His history of the Russian Revolution is a Marxist classic. My Life, his tendentious autobiography, is a perennial paperback. Since January, at least four new books have been published about...
...nations become full members of the Common Market next Jan. 1-if all goes according to schedule-was being carried live on Eurovision. Then, just as Heath walked through the Palais doors, a blonde woman stepped out of a group of photographers and threw a canister of black printing ink in his face...