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...budget proposals. The budget projects Government spending in the fiscal year beginning in October at $394 billion, or $28 billion less than would be expected if all present programs were allowed to grow at their normal rate. In the liberals' view, that imposes far too much fiscal restraint on a still modest economic upswing...

Author: /time Magazine | Title: OUTLOOK: The Political Economy of '76 | 2/16/1976 | See Source »

...Restraint v. Inflation. Actually, the liberals are confident that Congress will raise expenditures well above the Ford proposals. "This budget is unreal," says Eckstein. "I don't know of a single forecaster who is taking it seriously...

Author: /time Magazine | Title: OUTLOOK: The Political Economy of '76 | 2/16/1976 | See Source »

...exactly prohibitive, but the limit may prove a harrowing restraint to the ample egos in the upper chamber. Just before the new rules were approved, Nevada's Howard Cannon-who happens to be chairman of the committee-had sent out a newsletter with nine references to himself on the first page, six on the second. His latest two-page newsletter, however, is a model of restraint: it contains a total of only five such references...

Author: /time Magazine | Title: The Nation: Altered Egos | 2/9/1976 | See Source »

Castro returned the compliments, albeit with a bit more restraint. Appearing with Trudeau at a sugar refinery, Castro told a crowd of 25,000 how grateful he was that Canada had always "stood by Cuba"-meaning that Ottawa, unlike the U.S. and most of Latin America, had never broken diplomatic relations with Havana...

Author: /time Magazine | Title: CUBA: The Odd Couple | 2/9/1976 | See Source »

...Capitalism is thus deprived of any "moral or transcendent ethic." There is a further paradox. The greater the economic growth under capitalism, the higher the expectations. People demand more government services and more protection against adversity. Inflation results, savings diminish, and capitalism is undermined. The only solution is a restraint on private appetite and a return to a public philosophy-a tall order, as Bell acknowledges, in these roiled times...

Author: /time Magazine | Title: Books: Search for Civitas | 2/9/1976 | See Source »

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