Word: deficit
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Dates: during 1970-1979
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...Senate, Baker has aimed with a Tennessee marksman's instinct for the middle of most domestic political issues. He favors a constitutional amendment to achieve a balanced budget, but he also wants a provision to authorize deficit spending by a two-thirds vote of Congress. He backs the Equal Rights Amendment, but he voted against extending the deadline for ratification. He supported most civil rights legislation and sponsored clean air and water bills that created extensive new Government regulations. Today he is a staunch opponent of Big Government and excessive regulation. In foreign policy issues, Baker has taken independent...
...other issues, Kennedy has blurred his positions or moved them toward the right. In January he endorsed Carter's proposed overall fiscal 1980 spending of $531 billion, with a deficit of about $29 billion. Kennedy urged, however, that $4 billion be cut from the defense budget?he did not say exactly what he would trim?and spent on domestic needs, such as health. But by the time the Senate voted on the budget, Kennedy had changed his mind about reducing Pentagon spending. Far from cutting the defense budget, he voted to increase it to $141.2 billion, $18.5 billion more than...
...federal loan guarantees. Chrysler had asked for $1.2 billion. One worry: Booz, Allen & Hamilton, the company's management consultants, suggested that even $1.2 billion might not be enough. This week Chrysler will announce a third-quarter loss of about $460 million, more than double its previous record deficit of $207 million in the second quarter. The full-year loss could top $1 billion...
...taxes, federal grants and special-purpose bond and note revenues. Hs financial methods have prompted an investigation by the Securities and Exchange Commission. Kucinich alleges that Park illegally spent bond revenue on general operations while the banks looked the other way and handed out money to cover the growing deficit. Park won their cooperation with business-oriented policies, including major tax cuts establishing a "free trade zone" for banks and large businesses. To keep the city afloat on a declining tax base, Perk sold such municipal assets as the transit system, the sewer system, the stadium...
Chrysler announced Tuesday it lost $460 million in the third quarter of this year, the largest deficit ever for an American corporation...