Word: aids
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Dates: during 1960-1969
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Every year Congressmen do their best to cut foreign aid to the bone, but in the current session their knives have sliced to the program's very marrow. Last week, after months of dispute between the House and Senate and still more wrangling between the House Foreign Affairs and Appropriations committees, the full House finally approved the lowest aid appropriation in the program's history and severely restricted U.S. military-aid activities...
...earlier authorization measure approved by both houses required that the Government's revolving loan fund, which allows poor nations to make arms purchases, be ended by June 30. The House appropriations bill goes even further by forcing the President to reduce any underdeveloped nation's economic aid by the amount of its own funds that the country spends to buy sophisticated weaponry. Only Greece, Turkey, Iran, Israel, Taiwan, Korea and the Philippines would be exempted...
Normally the White House looks to the Senate for succor when House budget cutters get too frisky, but this year the Administration can hope for little Senate sympathy on foreign aid...
Though Japan's U.S.-imposed constitution forbids the use of force in settling international disputes-thus barring any Japanese troop commitment to Viet Nam-the country contributes more than $1,000,000 a year to Saigon. Sato promised to increase Japan's foreign aid by a full third, and to continue the Japanese-American security treaty beyond its 1970 expiration date. He repeatedly rejected the idea of a unilateral U.S. bombing pause over North Viet Nam without "reciprocal action" from Hanoi. To that extent, Sato paid more than he received in the way of U.S. concessions...
Britain's pretensions to playing the role of a great power added to her trade-imbalance difficulties. She still keeps fairly large worldwide defense commitments, last year gave $630 million in foreign aid. For most countries, their money is their own, to use as they wish abroad. But the British pound, as a reserve currency, is used much like an international money by traders and central banks the world over. The U.S. can afford to let its money be used by others; Britain, needing every penny it mints, no longer can, but has long insisted on continuing...