Word: outlook
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Dates: during 1980-1989
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Actually, it will take a series of miracles to keep the deficits out of the twelve-digit range, which the budget document concedes "would impose extreme pressures on financial markets-[and] undermine the outlook for continued monetary restraint, reduced inflation and economic growth." To begin with, the estimate that the fiscal 1982 figure will stay a hair below $100 billion depends on the highly dubious assumption that Congress will enact further cuts in such programs as food stamps, welfare, Medicare and Medicaid to take effect in the remaining eight months of the year. The $91.5 billion projection for fiscal...
...been wrong, usually because they were badly underestimated. Jimmy Carter originally predicted that the 1981 deficit would be $15.8 billion. It was actually $57.9 billion. Thus, if past performance is any guide, the Reagan estimates are probably too low. Many experts are already saying that the Administration's outlook for $98.6 billion in red ink during 1982 is too optimistic. Alice Rivlin, director of the Congressional Budget Office, predicted last week that the figure is more likely to be $109 billion...
...whole community. As a result, ironies abound. It is Yale--whose administrators profess to "focus on the individual colleges" more than Harvard does on its Houses--whose dorms have avoided the deleterious stereotypes that have afflicted Harvard. And it is Princeton--known for its stodgy, old-world outlook towards education--that is acting to break up homogeneous dorms and to encourage inter-racial, inter group mingling...
Burr confirmed the impression held by Ackerman and others of the Corporation's outlook by saying. "We have been burnt many times before and it's cost a lot of money. There have been many times that we felt foolish, when in retrospect we would have been better to cancel the whole thing...
Responding to accusations that Harvard had showed more generosity toward athletics at the expense of Fine Arts, Bok said, "That was a different period then when the athletics came along....This is not a particularly optimal period to be substantially expanding facilities....We now have a very different outlook than we faced a few years ago. It is a different...