Word: aid
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Dates: during 1970-1979
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...chose Princeton. Says he: "Ninety-five percent of my public school friends are on drugs and unemployed. Some were more intelligent than I am." Fully 85% of the graduates go on to college. All students must take college boards, apply to at least three colleges, fill out financial-aid forms and write papers on their career goals?besides learning Adams' law: "If you don't internalize discipline in high school, you're going to flunk out of college in the first two weeks...
Another villain is the Government itself. In the past two years, aid to farmers has quadrupled to an estimated $7.9 billion, much of it for price-propping mechanisms and subsidies. Carter's budget for next year now proposes to cut the amount to $4.2 billion. Farmers complain that they need all the federal largesse they can get because rising costs are making it hard for them to turn a profit. In that sense, they are suffering in the same way as other Americans, who also must figure out how to make ends meet as inflation devours their purchasing power...
...that are euphemistically classified as less developed countries (LDCs). People in the industrialized countries with pressing economic problems of their own might well say, "So what?" Poverty has long been a fact of life, and Americans especially feel that they have done more than their share in giving foreign aid since World War II. It is not, however, a question of altruism. The advanced countries have an urgent self-interest in improving a situation that in a few years may well overshadow any other international issue...
Northern statesmen, with much justice, have regarded this rhetoric as a kind of impractical Robin Hoodism. But with no discernible justice, the industrial countries have kept a tight lid on their assistance to LDCs. Japan spends only 0.21% of its burgeoning G.N.P. on foreign aid, vs. a U.N. target of 0.7% for industrial nations; the U.S. figure is 0.27%. True, the U.S. carries the heaviest defense burden in the non-Communist world. But Congress has foolishly sought to forbid aid to countries producing goods that compete or even might compete with American products...
...exports, including more than 40% of foreign sales of commercial aircraft and electrical machinery. Even the industrializing LDCs that are competing effectively with Northern factories in such products as clothing and shoes, he asserts, buy more from the rich nations than they sell to them. He endorses much more aid to LDCs because he considers them to be potentially "important engines of less inflationary growth for the developed countries...