Word: socialized
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Dates: during 1960-1969
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...several months, the danger of recession has generally seemed remote. Rather suddenly, the mood has shifted. In the privacy of executive suites, top bankers and corporate leaders have begun to voice their fears that the U.S. might be sliding into an economic slump that could have important political and social consequences...
...Nixon's inflation." The American people are angered and frustrated by inflation, and the polls show that an overwhelming majority criticize Nixon's handling of the persistent problem. Moreover, Nixon believes that he must stabilize the economy before the nation can effectively marshal the resources to carry through the social and environmental programs for which so many voters are clamoring...
...economists define as a recession: at least two successive three-month periods of no real growth in the total economy, a condition that is almost sure to bring about a substantial jump in unemployment. At present, the nation might find such an experience particularly troublesome. A recession could aggravate social unrest. The jobless rates among blacks normally run twice as high as those common whites; among blacks under 25 years old, they often reach five times the overall rate...
...reform bill (see THE NATION). It started out with some sensible and overdue reforms, but many were gutted by irresponsible actions in the Senate. The 1969 bill that the Senate passed last week is loaded with so many tax reductions?as well as a costly 15% increase in social security benefits?that the President has threatened to veto it. "I intend to use all the powers of the presidency to stop the rise in the cost of living," said Nixon at a press conference shortly before the Senate acted. "If I sign the kind of bill which the Senate...
...each case, has been exactly the opposite. Public housing is a total failure. The major beneficiaries are the people who sell their property for housing projects. Some of the poor benefit, but at the expense of other poor people, who are forced to vacate bad housing and occupy worse." SOCIAL SECURITY. "It is a means of taxing the poor for the benefit of the rich. If you are poor, you start to work earlier in life, yet your life expectancy is shorter, and if you work after 65, you get less benefits...