Word: offsets
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...their attention, keeping the excitement level high. But Milne's Pooh seemed rather out of place among all this activity. Although this pace was for the children's benefit, Edward Bear is actually a more slow-moving, peaceful character, with plenty of time for ambling in the forest to offset his adventures and mishaps...
...Herrmann (looking like a youthful Charles de Gaulle), Maadelon Thomas and John Tillinger are all entertaining and splendidly idiosyncratic as members of the household's younger generation. As the Barbara of the title, Jane Alexander is appealing enough; but she does not summon up sufficient ardor and commitment to offset her father, so that the play is thrown slightly off balance...
...customers for 60% of the oil it used to sell to the West. As the price for its derring-do in taking over I.P.C., Baghdad faces a severe cutback in its ambitious plans for agricultural and industrial development. The Baath regime has already ordered an austerity program to offset the drop in oil revenues. Foreign travel has been banned except for government officials, students or ailing citizens allowed to go abroad for treatment...
McGovern staffers calculate it at $50 billion a year. They claim that $23 billion could be offset by cutbacks in other federal programs, but their arithmetic is questionable. Some $8 billion would come from wiping out federal contributions to the present welfare programs. But the other $15 billion consists of the purely theoretical gains to be made by not enacting 1) an increase in Social Security benefits and 2) a $5 billion revenue-sharing program that McGovern would propose if there were no minimum-income plan...
...feasible cuts, however, could not be big enough to offset the increased outlays for existing programs and new public demands. To keep federal deficits from becoming too inflationary, a tax increase seems likely. TIME'S Board members foresee a tax raise between mid-1973 and mid-1974, but most of them believe that at present the Government should not restrain spending but expand it. Said Walter Heller: "If there were such a thing as instant fiscal policy, I would still put more stimulus in the economy today-and more restriction later. Given any kind of responsible fiscal policy, there...