Word: billion
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Dates: during 1950-1959
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...Izmir, Turkey, I feel that we should make the Turkish government feel grateful for saving them from Communist occupation and domination through our military installations in Turkey. We should act with the knowledge that Turkey is intrinsically a bad bargain for us as our ally, despite the $2 billion we have already given to them...
...House G.O.P. Leader Charles Halleck. What Indiana's Halleck was tossing between his thick political calluses was the hottest potato that the President of the U.S. had thrown him all session. The assignment: keep the House from overriding the President's veto of Congress' cherished $1.2 billion rivers and harbors bill (TIME, Sept. 7), a pork barrel packed with projects dear to the folks back home-and offensive to Ike because it called for 67 new projects not in the Administration's budget. The bill originally rolled through the House on a thunderous voice vote, rumbled...
...stand against free-handed spending last week withstood the nearly irresistible force of pork-barrel politics. Whipped. The clash: an all-out drive by House Speaker Sam Rayburn and his big Democratic majority to override the President's veto of the public-works appropriation bill, a $1.2 billion barrel full of rivers-and-harbors projects and other fat goodies dear to politicians of both parties. Rayburn whipped all but six Democrats into a rare moment of unity, but failed by one vote to override. Two days later, still seething over the defeat of their House colleagues, Senate Democrats sharply...
...little, thin million-dollar slices can unbalance the delicate 1960 budget, warned the White House's sharp-eyed budget inspectors last week. Deputy Budget Director Elmer B. Staats told the Senate Post Office and Civil Service Committee that the bureau's January forecast of $77 billion spending had already been raised "significantly" (to about $79 billion, by relatively trivial millions). Result: the paper-thin $70 million surplus appears to be wiped out completely...
...size of the enterprise is staggering. From less than 16 million in 1900, enrollment has jumped to 36 million. From less than $215 million in 1900, the annual cost has soared to $14.4 billion (about 3% of the Gross National Product). Of all U.S. families, 40% have one or more children in public school.*Of all living Americans, one out of five is a public-school student...