Word: surplus
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Enough! We can't absorb the surplus population of the entire world! Leave the Vietnamese and the Cambodians [Dec. 4] in Southeast Asia. Help to keep them from starving, yes, but send the help there. Political situations change. Perhaps they can be repatriated in a few years, but if they are brought here, we will be stuck with them forever...
...some progress toward mechanization, they need more than 1 million additional tractors, 320,000 trucks, at least 3 million combine harvesters, new drainage and irrigation machinery and 700,000 technicians for machinery repair and maintenance. The hardware will be difficult to get, since farm equipment is normally bought with surplus capital, which China must ordinarily use to purchase grain from abroad. Result: China is likely to remain a net importer of grain, and the rationing of edible oils and other staples will probably continue...
...might not have agreed to such a large price increase if Iranian production had not been disrupted. When rebellion broke out there in September, output fell from 6 million bbl. a day to less than half a million. Though Saudi Arabia tried to fill the gap with its own surplus, that did not suffice. "The drop in production in Iran was the important factor in the price boost," says a U.S. Treasury official. "The Saudis are able to hold off the price hawks as long as they have excess capacity. They couldn't push any further, though...
...Japan's trade surplus: I do not think we can do more than we are already doing, beyond expediting the existing measures to correct the situation. I do not yet have any new plans on this problem. But it is a serious problem and has to be solved as quickly as possible...
...could be allowed to set fees to 'balance the budget.'" He added that achieving such a balance would require a fee increase exceeding the range outlined by the guidelines. He added, however, that he doubts the federal government would permit an increase that would allow for a budget surplus...