Word: slacks
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...defendants at Vincennes were an odd. and oddly frightening, lot. Most of them were slack-jawed youths who seemed equally lacking in confidence and intelligence. One was an army lieutenant with the old, aristocratic Breton name of Bougrenet de la Tocnaye, and a head reeling with heroic memories of his family's feats of arms dating back to the Crusades. The leader, Lieut. Colonel Jean-Marie Bastien-Thiry, 35, who had graduated from the famed Polytechnique and served as a brilliant air force engineer, revealed himself as a man who put great industry, intelligence and logic to work within...
Harvard's usually reliable distance runners were trounced by Holy Cross Saturday night, but the Crimson's sprinters and field event men picked up the slack and led the home track team to a 68-41 victory over the Crusaders...
...President Kennedy himself has expounded the Administration concept in recent speeches and in messages to Congress, the budget is in the red because a slack economy does not produce adequate federal revenue. The Administration cannot eliminate the deficit by reducing expenditures-that would only shrink "aggregate demand" for goods and services, thereby making the economy even slacker. So what is the answer? It is to cut taxes while keeping federal expenditures high. The stimulating effects of tax reduction would increase incomes and profits, eventually making it possible for the Government, even at lower tax rates, to collect enough revenue...
...come in Congress over the tax cuts and budget deficit may convince even the amateurs that inflation is a danger once more. At such times, they usually take refuge in the market to protect their funds from erosion. Before this happens though, the professionals look for stock prices to slack off a bit from their recent rise-just enough to look like enticing bargains...
...huge budget deficit in fiscal 1964. "Our choice is not the oversimplified one sometimes posed, between tax reduction and a deficit on one hand and a budget easily balanced by prudent management on the other. We have been sliding into one deficit after another through repeated recessions and persistent slack in our economy. If we were to try to force budget balance by drastic cuts in expenditures-necessarily at the expense of defense and other vital programs-we would not only endanger the security of the country; we would so depress demand, production and employment that tax revenues would fall...