Word: digital
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Dates: during 1970-1979
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That is one of the most durable and emotional questions in American political debate. As inflation has soared close to double-digit rates, with no war or speculative boom or oil shortage to blame it on, deficit spending has come to be viewed as the fiscal mortal sin leading inexorably to inflationary damnation. The legislatures of 22 states have called for a constitutional amendment that would require a balanced budget every year. Amendment or not, that would be impossible, since no Administration could predict future revenues and expenditures accurately enough. It is also undesirable. There are circumstances in which...
State officials blame the foul-up on their decision to use California's list of three-letter, three-digit combinations rather than prepare their own. The officials tried to eliminate prefixes that might be offensive to Iowans but overlooked GAY. Says Scott County Treasurer William Cusack: "Out in California I'm sure there is a waiting line for GAY plates. But not in Iowa." He is offering to exchange the GAY plates-1,000 were issued -on payment...
...October's 1.3% rise, and the consumer is attacking his holiday shopping with gusto. Christmas sales are flat in many Midwest areas, but in Boston, Pittsburgh, Atlanta, Dallas, Houston and Beverly Hills, retailers report sales well ahead of last year. Some are even looking forward to double-digit Increases...
Haskell's contest with Armstrong was along clear-cut liberal-conservative lines. Haskell never found a way to overcome charges that he favored Big Government and opposed tax cuts and key defense measures. During one debate, Armstrong pointed a finger at his opponent and declared: "Inflation is double digit again and it is caused by Senator Haskell...
...Soviet grain purchase of 1972 and other heavy export demand kicked off a few years of unprecedented farm prosperity. Net farm income more than doubled in three years to an unparalleled $33 billion in 1973, and soaring retail food prices combined with OPEC's oil gouging to produce double-digit inflation. In 1976 and 1977, farm prices broke; farm income shriveled to $20.5 billion in 1977, and a noisy American Agriculture Movement sprang up overnight to send farmers rumbling into Washington and state capitals aboard their tractors (some cost $30,000, and a few came with air-conditioned cabs...