Word: pay-as-you-go
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...Kennedy couched his plea for tariff cuts in terms of their advantage to U.S. business, urged more loans instead of outright grants for foreign aid, proposed a welfare program stressing "rehabilitation instead of relief," and even, in his controversial plan for medical care for the aged, proposed a pay-as-you-go insurance plan rather than any program of outright aid. He promised to send a new farm program to Congress, but it was strange to hear a Democratic President speak matter-of-factly of the possibility of "a national scandal" as a result of the Government's farm...
...buildings, added 1,500 beds to state mental hospitals, increased state aid to local school districts by $50 per pupil. But Fair Dealer Freeman also pushed property taxes to an alltime state high, ran into trouble last year with the normally cooperative legislature when he tried to install pay-as-you-go income taxes. G.O.P. opponents made much of the tax fight and chided Freeman's poor judgment in sending state militia to close a strikebound Wilson & Co. Inc. meat-packing plant, an action reversed in federal court. Upshot: Freeman lost by 23,000 votes to Republican Newcomer Elmer...
Died. Beardsley Ruml, 65, economic idea man who thought up the pay-as-you-go tax plan, got it accepted by a reluctant Congress in 1943 with the support of much of the press and, according to a Gallup poll, 83% of the nation's rich, 86% of its poor; of a heart ailment; in Danbury, Conn, on the day U.S. taxes became due. After a lively term as dean of social sciences at the University of Chicago from 1931 to 1933. Ruml became treasurer of Macy's, overhauled its accounting system. Some of his ideas found their...
After his booming victory in 1958, New York's Governor Nelson Rockefeller enjoyed a blissful first-session honeymoon with the grateful Republicans in control of the state legislature. But even as popular Newcomer Rockefeller got what he wanted in the way of tax increases and a pay-as-you-go budget, dark thoughts were percolating behind one steadily smiling face in the legislative crowd. Liberal, Manhattan-rooted Rocky had steamrollered upstate Conservative Walter Joseph Mahoney out of the G.O.P. gubernatorial nomination, and Senate Majority Leader Mahoney was not disposed to forgive...
...vigorous, successful Republican Governor of the nation's most populous state, Nelson Rockefeller can help the G.O.P. considerably by keeping alive the image of pay-as-you-go Republican liber alism, by speaking out intelligently on issues. If he does so, he will have served the 1960 campaign exceedingly well - and may in the long run serve his political future better than if he had run in the primaries this time around...