Word: offsets
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Dates: during 1980-1989
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...spending. He has thrown down the challenge; it's very reasonable. If we don't like his proposals, it's up to us to propose alternatives." Said Manhattan Investment Banker Felix Rohatyn: "We should be warned that the pain of the cutbacks is likely to offset our pleasure from tax reductions. But we've got to give Reagan's program a chance, especially because we have no valid alternative...
Still, Case officials sympathize with Reagan's budget-cutting goals. Jerome Green, Case's president, expects that lower corporate taxes and faster depreciation allowances will offset any loss of Ex-lm financing help. He notes that if the budget cuts "are evenhanded, we could benefit." Most important of all, he says, is to cut inflation. "If we can get inflation down, we could better compete in the marketplace," Green explains, adding, 'If we don't, it won't matter what kind of financing terms we offer...
...calling for cuts of 25% in police and fire services and layoffs of 1,600 workers. Yet some experts contend that city officials will have to slash at least $118 million from next year's budget and lay off up to 5,000 municipal employees in order to offset the effects of Proposition...
There were also what an economist friend of Goodman's calls "exogenous variables," unexpected occurrences that mess up neat computer models. During the '70s, for example, there was a big jump in the cost of grain after the Soviets had to buy in the U.S. to offset their own crop failure. Hamburgers went up too, when billions of fish that would have been ground up as cattle feed disappeared from the waters off Peru...
...registration fees have just about offset the cost of the guns and advertising, Burr said, adding that the three plan to use any profits to throw a party...