Word: billioned
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Dates: during 1950-1959
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...that the Administration should be attacked in one of the few cases in which it shows any long-range foresight-the refusal to be stampeded into pouring useless billions into a worthless space race. If the American people want space superiority, they obviously can't get it for nothing; $10 billion a year will have to come from a reduction in defense weaponry or constructive welfare appropriations, or from a 20% increase in taxation...
...article dealing with our difficulties with space expresses the kind of realism I like to see. It strikes me as fantastic almost beyond belief that American missilemen are not allowed just $105 million to speed up Saturn tests four years; yet American farmers are given some $7 billion to increase the food bills of the American people...
...inflation's other front, the fight for a balanced U.S. budget for fiscal 1961, disputes were rumbling that only the President could settle. The Pentagon was crying that U.S. defensive strength will suffer if the Administration insists on holding spending to the $41 billion level of the current fiscal year. In fighting against the outflow of dollars to foreign countries, the Administration was studying a possible cut in foreign aid and a revision of trade policies, with an eye toward shaping a new foreign economic policy that would hold the free world together...
...international cmpetition can now work towards lowering prices. With a favorable trade and dollar balance for the first time in this century, England has been able to lower taxes, stabilize prices, maintain full employment and establish external convertibility of the pound. Last week Britain repaid a quarter of a billion dollar United States loan over five years in advance...
...million), Morgan characteristically glanced at it briefly, snapped: "I accept." At one time Morgan controlled six banks and trust companies, three life insurance companies, ten railroads and a cluster of huge corporations. He and his associates held 341 directorships in 112 com panies with total resources of $22 billion...