Word: billioned
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Dates: during 1950-1959
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...Ambassador, to Turkey (1951-53), and Admiral Arthur Radford, tough-minded ex-Chairman of the Joint Chiefs of Staff (1953-57), toured the Middle East. Operating in five such groups, the committee members returned to Washington, in March handed Ike an interim report warning that his $1.6 billion budget request for military aid was at least $400 million too low, specifically lacking in funds to arm NATO's deterrent forces with IRBMs...
...made by the group, the Draper Committee's deepest worry was that the U.S. might be fooled into thinking that Congress had not cut dangerously into foreign-aid programs. Overall spending figures, the committee explained, are deceptive. During the Korean war, the U.S. built up an $8.5 billion backlog of military-aid appropriations. But since 1954 the U.S. has been delivering about $2.5 billion worth of arms to its allies-while congressional appropriations averaged only $1.5 billion a year'. The difference has been made up by digging into the backlog by $1 billion a year. With the backlog...
...Democratic Congress considers foreign aid bad politics. The House last month slashed Ike's "rock bottom" $1.6 billion military-aid request to $1.3 billion, sent it to the Senate. Fighting back, Ike last week sent along Draper's strong report, demanded repairs on the "dangerously low" aid bill. Draper, more explicit, called the congressional cuts "a serious security danger for the United States." His committee found that military aid, along with economic aid, is basic to the U.S.'s "entire forward strategy and hope for the future...
...more energy out of a pound of fuel, thus increase their range (or speed) without adding weight. The Navy has already spent $122 million in the program, the Air Force another $110 million. The first group of 20 B-70s with boron afterburners would have cost $3.5 billion, and the boron fuel to power them would have been about 100 times more expensive than conventional, petroleum-product fuel...
...Fund, he intends to stress private enterprise more than the fund has done, give more loans to foreign businesses instead of governments. He also hopes to get more money from Congress. Right now the fund has $53 million to give out in loans, but the loan applications total $1.4 billion...