Word: outgoing
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...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...
...disappointment. Federal income in 1960, said the report, will come to $75.8 billion instead of the $77.1 billion predicted in the President's 1960 budget. If so, a deficit of at least $1.2 billion is inescapable even if Congress votes not a nickel more for outgo than the $77 billion that Ike requested. Actual 1960 spending, the report continued, is likely to reach $80 billion-and that would mean a $4.2 billion deficit...
...case for lower price supports.*The arithmetic of Benson's battle fatigue: when he took over as Agriculture Secretary six years ago, he vowed to slash the cost of farm programs, which had averaged $1.5 billion a year in 1950-52; but in 1956-58, Agriculture Department outgo averaged $4.5 billion a year, and in the current fiscal year the total is estimated at a shocking $7 billion. The Federal Government's inventory of wheat, corn, cotton and other surplus farm commodities recently climbed to a new peak of $9 billion. And out in the wheat and corn...