Word: predictible
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...does much more than eliminate wasteful government spending--it exposes the President as a man with little commitment to millions of jobless Americans. Today's unemployment rate of six per cent is fine by Jimmy Carter. And apparently, so is the higher unemployment rate his in-house economists boldly predict for the year's end if Carter's proposed budget cuts and ever-higher interest rates come to pass. It is more than a little ironic that the people who suffer the most from high inflation--the poor, the jobless, the sick and the elderly--would bear the burden...
Ernest R. May, chairman of the History Department, said he could not predict the future of History 1711 until he finishes hiring new junior faculty in about six weeks. He said he might find someone with an American and East Asian history background similar to Stanley...
...economy heads toward recession, as some economists predict, frugality might quickly lose its popularity. Tip O'Neill has told Carter that if unemployment (currently 5.9%) reaches 6.3%, the President had better have an economic stimulus plan ready. "If you don't," O'Neill warns, "we will." But others feel that inflation has gone too far to be neglected once a downturn begins...
...failure to warn the White House months ago that Shah Mohammed Reza Pahlavi was in danger of losing his throne. Only two days after the Shah went into exile, the House International Relations Committee began hearings on the Iran crisis and the CIA's inability to predict its outcome. Acknowledged a CIA official: "The agency will go through a wringer. We'll take our lumps...
...deficit spending has come to be viewed as the fiscal mortal sin leading inexorably to inflationary damnation. The legislatures of 22 states have called for a constitutional amendment that would require a balanced budget every year. Amendment or not, that would be impossible, since no Administration could predict future revenues and expenditures accurately enough. It is also undesirable. There are circumstances in which a deficit would be unavoidable, such as when a war is raising spending faster than taxes can be jacked up. There are also times when a deficit is necessary, such as when inflation is low, unemployment...