Word: deficit
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Dates: during 1940-1949
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...January, when $2.8 billion of insurance refunds is paid out to veterans, there would be a lot more money around. Pondering this, along with the Federal Government's whopping deficit and higher industrial costs created by 1949's pension settlements, Brookings Institution's President Harold G. Moulton last week warned: "You might as well forget about much cheaper manufacturers' products." Although he predicted a drop in business next spring, the U.S. was currently in "a period of creeping inflation...
...finished last year with a $123,000 deficit. A similar situation was met at Princeton, where the training table was abandoned earlier this year after the Rutgers game...
Senator Robert A. Taft (R-Ohio) said today that adoption of President Truman's program next year would add more than $16,000,000,000 to the federal deficit and lead America to "stagnation and austerity...
...deficit, Truman said, could be blamed on the summer slump, which had decreased tax receipts by $3 billion. Expenditures had increased by $1.6 billion. Cuts in the defense budget and international aid were more than offset by $1.3 billion extra paid out for veterans' benefits, $800 million extra needed to bolster sagging farm prices. Another big item was the unexpectedly high burden of underwriting the mortgage market for veterans and rental housing projects. It had been budgeted at a modest $200 million; it was costing a whopping $1.3 billion-an increase...
...Republican finances had been in a lot worse shape before (notably in 1936, when the deficit after the Landon debacle was more than $1,000,000), and Kemper obviously had more on his mind than economy. It was the bipartisan foreign policy. Kemper had been much under attack as an isolationist (in 1941, as president of the U.S. Chamber of Commerce, he opposed lend-lease). His Lumbermen's Mutual Casualty Co. had sponsored Isolationist Upton Close's broadcasts during...