Word: pay-as-you-go
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Champion's Parry. In Vancouver, B.C. last week, Prime Minister St. Laurent replied with a 12-point election program which he called "an appeal to reason and good sense." He pledged his party to continue the pay-as-you-go financing scheme under which Canada has, since 1946, decreased the national debt and. except in '50 and '51, reduced taxes. Otherwise, he promised little beyond the continuance of current policies...
...Treasury, and will be repaid in monthly installments over a three-year period. For U.S. exporters, who have had to wait up to nine months for payments during Brazil's dollar crisis, the government's promise to pay off the entire $423 million backlog by July i-and to carry on thereafter on a pay-as-you-go basis-was welcome news...
...ground. The New Deal appropriated many pet La Follette dreams, e.g., collective bargaining, unemployment compensation, and took credit for them to boot. But through the '30s, Young Bob worked faithfully in alliance with the New Deal on its domes tic program (exception: he wanted a pay-as-you-go tax system). His Civil Liberties Committee barnstormed across the U.S., exposing a sordid underside of U.S. big business in the days when business was dead set against organized labor. He probed the bloody Memorial Day riot at Chicago's Republic Steel plant (10 dead), and laid the blame...
Canada's proudest achievement is the fact that its recent development has been carried out on a strict pay-as-you-go basis, a business method that has gone out of fashion in most other parts of the world. During 1952, Canada floated no foreign loans, relied entirely on outside risk capital (mostly from the U.S.) and on the savings of its own people to finance all its new ventures. As it has for the past six years, the national budget is heading for a surplus; the treasury was $292 million to the good as the old year...
...Democrats need a touch of pay-as-you-go: they have already booked $1,500,000 worth of radio and TV time for the campaign...