Word: pumpings
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Dates: during 1960-1969
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...press conference, the President explained that a tax cut would not be considered before April, when the Administration would make another check on which way the economy was moving. But even if conditions worsened, Kennedy indicated, he might well prefer more federal spending as a pump-priming measure. Said he: "With $5 billion or $3 billion devoted to education or health or international security, you can produce a longer-range result...
...Tools. His message eschewed the massive pump-priming plans and public-works projects dear to some economists, stressed instead the expansion of existing programs. He urged Congress to boost minimum social security benefits (from $33 a month to $43), lift the minimum wage (from $1 an hour to $1.15 immediately, then to $1.25 within two years), stretch out unemployment compensation payments, and pass a depressed-areas bill. Said House Republican Minority Leader Charles Halleck of those proposals: "We find no great quarrel with them, but we do not find them earthshaking...
...recession it is, Kennedy will suffer from no lack of advice on how to cure it, for he is surrounding himself with a luminous little galaxy of economists from the "activist" school that believes in blunt talk, Government-inspired growth rates, and far-out federal measures to prime the pump. Last week the advice was raining down to the steady beat of one theme: more Government spending, conspicuously including deficit spending...
...prosperous C. & O., which earned $37,994,000 in the first eleven months of 1960 and has paid a dividend for all years except two since 1899, intends to pump money into the B. & O. system for a badly needed modernization program, will repair or replace the B. & O.'s worn freight cars. All told, Tuohy expects the merger ultimately to save the two lines $46 million a year...
...Jack Mormon" (i.e., one who does not take the church's social inhibitions literally), won handily. As Secretary of the Interior, Udall, who represented a congressional district which has more Indians (100,000) and this year got more federal aid than any other, can be expected to pump hard for public power, conservation and Indians. One of his key assignments in the new Administration: to serve as a Cabinet-level liaison man with Congress...