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Bayh Would Endure Bigger Deficits to Jumpstart Economy
Senator Birch Bayh argues in a 1976 campaign interview that he'd accept larger federal deficits for one to two years to revive the economy and cut joblessness. He cites energy and food costs as inflation drivers, promotes a Western industrial pool for oil, and calls for a major jobs program while reforming monetary policy and antitrust enforcement. He also favors wage and price controls only as a last resort.
MENTIONED IN THIS ARTICLE
Associated Press
Walter R. Mears
Washington (Ap
Birch Bayh
Indiana
Bayh
White House
OPEC
United States
China
Soviet Union
Henry A. Kissinger
Ford