Word: hack
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Dates: during 1970-1970
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Since Nixon has ruled out a budget deficit, there are only two things that he can do to produce a balanced budget in the neighborhood of $200 billion. He must find new taxes to add to federal revenues, and he must hack away with determination at the spending requests that his department heads have put before him. He can hardly ask for a surtax extension beyond June 30, since he himself campaigned to end it; even if he changed his mind, moreover, Congress would hardly vote it in an election year. Nixon is intrigued by the idea of a value...