Word: surplusâ
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...production levels, they will collect a staggering $150 billion over the next five years. But they will be unable to buy or build fast enough to use up even one-third of their oil money on domestic development. By 1980, they stand to have well over $100 billion in surplus???to lend, give away or invest in foreign countries...
Financial Fine Point. Democrat Unruh dismissed the plan as a "fraud" on the ground that all of the surplus???due partly to Reagan-imposed economies, partly to an inflationary increase in revenues?will be on hand at the end of the current fiscal year (June 30). Whether or not that should entitle taxpayers to collect it on this year's tax returns (filing deadline: April 15) may be a fine point of finance, but Unruh was the first to admit that it mattered a great deal politically. "He has no right," he objected, "to keep it in the state treasury...
...fixing.or its equivalent?some sort of export device to get rid of the farm surplus???the proposal of the farm bloc. They argue that prices are low because all the farm produce in which there is a surplus is sold at European prices. They say let a barrier be put up to maintain a high price in the domestic market, and take a loss if necessary on the surplus sold abroad. To this the Administration answers: If the farmers profit on their product, they will produce more; the surplus will grow larger until the loss on the surplus will...
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