Word: deficit
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Dates: during 1940-1949
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...time of great prosperity, it went beyond the President's deficit-spending policy in forcing the nation to live on borrowed money. The expected deficit for this year is $5 billion (Harry Truman had estimated it at $873 million). The deficit might yet prove to be the most dangerous bequest of the 81st Congress to a nation which was already $256 billion in debt...
Added up, the total losses of last year's deficit departments ran over $800,000. Unfortunately, you cannot argue--even from a purely financial point of view--that one department's surplus might well be put to use cancelling out another's deficit. For instance one academic department did exceptionally well last year, the Faculty of Arts and Sciences, which embraces the College and Graduate School of Arts and Sciences. Although this department used some of its excess income in bailing out the library and HAA, it needs most of the remaining surplus to guard against possible ups-and-downs...
...National Airlines, Inc. should be put out of business. The case for dismemberment was strong last year: hit by a ten months' strike and hurt by CAB's grounding of all DC-6s, National lost almost half its passenger traffic, turned in a $1,946,041 deficit in 1948. But last week, National's President George T. ("Ted") Baker was hardly acting like a man who expected to shut up shop. He announced that he would launch a new, luxury "Star" flight from New York to Miami this week, in all-out competition against Eddie Rickenbacker...
...Deficit Financing. In Dallas, caught redhanded trying to crack a safe, Delbert A. Bowers told the cops: "I'm going on trial tomorrow [for armed robbery] and I needed some money...
Then it presented "The Man Who Came to Dinner." It paid off most of the "Amphitryon' 'deficit, and went $500 into debt...