Word: deficits
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Dates: during 1970-1979
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Under the Senate's proposed budget, the deficit would rise to $31.6 billion, compared with the expected 1979 figure of approximately $30 billion...
...Senate budget committee said it hoped to keep the 1980 deficit below the 1979 figure...
Chrysler is expected to lose perhaps $700 million this year after a deficit of $204.6 million last year. United Auto Workers leaders, who earlier rejected lacocca's plea for a two-year wage freeze, now concede that they will have to make considerable concessions to Chrysler.* Fortunately, the company's rebate program seems to be off to a strong start...
...Lyndon Johnson's Keynesian economic advisers warned him not to finance both the war and his cherished Great Society programs without asking for a tax increase, but he refused to take the unpopular step until much too late. From 1965 to 1969, more than $42.5 billion in Government deficit spending flooded into the economy, which was already surging ahead at nearly full capacity. Result: inflation leaped from...
...expansion! Unemployment stands at almost 6%, and to keep the rate from climbing even higher than its 1975 recession peak of nearly 9%, both the Ford and Carter Administrations have had to stuff the people's pockets with almost as much inflationary funny-money, in the form of Government deficit spending, as was generated in all of World...