Word: deficit
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Dates: during 1980-1989
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Robert A. Cerasoli (D-Quincy) said that House Speaker George Keverian '53--who came up with the tax plan aimed at closing the estimated $720 million state budget deficit--pressured him to step down from the post if he did not plan to vote for the bill...
...legislative aide to 1990 gubernatorialcandidate Steven D. Pierce (R-Westfield) saidPierce believes current deficit predictions aretoo gloomy. He added that for this reason, furtherbudget cuts and the deficit reduction bill passedby the House two weeks ago--which will beconsidered in the Senate later this week--shouldcover the shortfall
Keverian's move to put pressure on House Democrats comes after sharp criticism of the speaker from both parties. Many lawmakers have attributed the legislature's inaction in response to a $720 million state budget deficit to a lack of leadership and direction from Keverian...
...weeks ago, the House passed a deficit reduction bill estimated at $368 million, which the Senate will consider later this week. Several House members cited Keverian's lack of strong leadership as a major factor in the defeat of one of the bill's provisions, which would have allowed the state to reclaim $46 million in beverage deposits form the soda and beer industry...
...1970s Latin America imported from the U.S. significant amounts of goods. In the 1980s that flow dropped as much as 80% in some areas, such as automobiles and tractors. The decrease was a fundamental cause of the great fiscal deficit of the U.S. The recovery of Latin America's economy should have the same significance for the U.S. as Europe's recovery had during the Marshall Plan...