Word: outgoing
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Dates: during 1970-1979
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...balance sheet for the Billy Graham Evangelistic Association (B.G.E.A.) and five affiliates: $38.4 million in income, $41.6 million in expenses. The gap was filled by dipping into reserve funds. The outgo is far more than the national program budget of most Protestant denominations. The totals do not include operating costs of Graham's "crusades," which are handled by local committees...
...Enable the Social Security Administration to borrow from the Treasury's ordinary tax revenues. This would be permitted only if the system's trust funds for Old Age, Survivors and Disability Insurance fell below 25% of their annual outgo...
Because of the recession and soaring benefits for some 30 million Americans, the system has been paying out more than it is taking in from Social Security taxes. Outgo is expected to exceed income by $5.6 billion this year, and if the trend continues, the system will run out of money by the early 1980s. Carter's solution combines liberal and conservative elements: he proposes both an increase in taxes and a slowdown in the sharp rise in benefits...
Lesser Evil. Under Carey's proposal, an Emergency Financial Control Board will be set up to supervise the city finances and try to make outgo match income. The board will consist of Carey, Mayor Abraham Beame, the state and city controllers, and a fifth member appointed by the Governor. Obviously, Carey will take command. The board will stay in existence until the city's accumulated deficit is wiped out, a date that nobody can predict...
...spending, which has risen from 44.2% of the G.N.P. in 1963 to an estimated 58.4% this year. Since tax revenues have not kept pace with this upsurge and Britain's balance of payments ledger has been almost constantly in the red, much of the difference between income and outgo has been made up indirectly by borrowing from abroad...