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Word: billioned (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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Usage:

...million surplus in fiscal 1960 would likely become a deficit because of the steel strike. "The odds are swinging against a balanced budget this year," said Stans, explaining that strike losses would reappear next year as profits taxable during fiscal 1961. U.S. spending, said he, would be about $81 billion next year-up at least $2 billion over fiscal 1960. Hopefully, receipts would be up enough to leave a surplus of $1 billion as Ike's going-away present...

Author: /time Magazine | Title: THE PRESIDENCY: Week of Reckoning | 11/30/1959 | See Source »

MANY U.S. military men agree that $41 billion a year is enough to buy adequate defense for the nation, but few believe that the $41 billion-plus budget for fiscal 1961 is going to buy the best or even adequate defense. Though drafted over months of round-the-clock work by able planners, the proposed defense budget leaves the U.S. with cause for rising worry over how much security it gets for its tax dollar. Reason: the 1961 budget, like many of its predecessors, represents slow compromise with the fast, uncompromising changes of modern-weapons technology. Result: it spreads...

Author: /time Magazine | Title: National Affairs: THE DEFENSE BUDGET- | 11/30/1959 | See Source »

...supersonic 6-58 bomber, originally scheduled to begin operation last year, was designed to replace the obsolescent 6-47. But the newly extended stretch-out means that the $2.2 billion spent on the 6-58 may never lead to more than two or three wings, and they may be obsolescent before they are operational even in small numbers...

Author: /time Magazine | Title: National Affairs: THE DEFENSE BUDGET- | 11/30/1959 | See Source »

...Army's Nike-Zeus anti-missile missile, a weapons system that would cost a record $13.5 billion to become effectively operational, drags along on $300 million year-to-year handouts. Promoted by Army as a solution to the near-impossible anti-missile defense role, Nike-Zeus gets neither the funds necessary for speedup nor the kill order recommended by its critics. One factor: the Pentagon, seldom free to make decisions that are purely military, fears the panic and congressional uproar that would be set off by admission that the U.S. owns no hopeful anti-missile missile...

Author: /time Magazine | Title: National Affairs: THE DEFENSE BUDGET- | 11/30/1959 | See Source »

...training, as Jupiters are being installed in Italy and Turkey while Thors go to Great Britain. In second-generation, solid-pro-pellant missiles, the Navy's submarine-launched Polaris fits the same general specifications as the Air Force's land-based Minuteman. By Pentagon estimates, $1.5 billion could be saved over the years by a combined program. Yet the two overlapping development programs continue. Other 1961 specifics...

Author: /time Magazine | Title: National Affairs: THE DEFENSE BUDGET- | 11/30/1959 | See Source »

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