Word: outgoing
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Dates: during 1950-1959
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SOCIAL SECURITY FUND will run $87 million in red for fiscal year, which began July 1. Higher social security taxes, which went into effect last Jan. 1, are expected to boost fund's income over outgo, starting in 1961; fund's $1.5 billion deficit, accumulated over past three years, is scheduled to be repaid...
There was even renewed talk on both sides of the Atlantic of a flight from the dollar. Behind these wild exaggerations was some sober fact. In the past three weeks U.S. Treasury gold stocks have declined $176 million, a greater gold outgo than occurred in the entire first quarter. Coming after a drop of $2.3 billion in 1958-the sharpest one-year decline in history-the renewed flow of U.S. gold to foreign nations brought Treasury gold holdings to $20,255,000,000, the lowest level in 13 years...
...terms. But Treasury officials know that their financing problems are a great deal bigger than outsiders realize. The chief source of the trouble is deficit spending and fears of more inflation. Not only did the Treasury have to make up for an estimated $13 billion gap between income and outgo this fiscal year, but by the end of 1962 it must refinance $129.5 billion in public debt, most of it incurred during World War II and Depression days...
Disappearing Buyers. Just when Anderson's need for financing is ballooning, the market for Government bonds is shrinking. For years, while income of Social Security, unemployment compensation and other Government investment accounts was greater than outgo, the Government could count on selling an average of more than $2 billion a year to the funds. In 1958. with outgo greater than income, the funds had to sell $800 million worth of bonds...
...passel of Continental newspapers persisted in spreading rumors that Soviet Premier Nikita Khrushchev must watch his intake or be subject to a precipitate outgo from this earth. U.S. "Astrologian" Carroll Righter, syndicated globally in some 250 U.S. newspapers, promptly confirmed it all by warning that Khrushchev's stars indicate a need for great vigilance over "his stomach and digestive tract...