Word: billioned
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Dates: during 1960-1969
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House Ways and Means Committee Chairman Wilbur Mills said that the bill would produce an additional $6.4 billion in 1970, then drop to a negligible $288 million in 1971. By 1972, the government will be receiving $1.7 billion less than present revenues, and the loss will grow to $3.7 billion...
...week 1,500 delegates to the Supreme Soviet, Russia's rubber-stamp Parliament, met in the Great Kremlin Palace to approve the 1970 budget, and as usual, defense spending attracted the most attention. According to the official figures, the Soviet arms budget will rise only 1% to 17.8 billion rubles ($19.6 billion). The 1970 outlay will account for only 12.4% of the total $159 billion budget-the lowest share, the Soviets pointed out, in more than a decade...
...appears in the budget. Funds for H-bombs and advanced weapons like multiple-warhead missiles are customarily tucked into budgets for "medium industry" and "scientific research." Additional allocations may well not be listed at all. Western analysts reckon that the true Soviet defense bill will come to about $60 billion in U.S. terms, or just about what the Pentagon spends now, excluding Viet Nam costs. Some speculate that, because of tension with China, the Soviets are, in fact, nudging ahead of the U.S. in defense spending as American outlays decline. In any case, judging from the way officials boasted...
...this fiscal year the cost of the distressed Health Service is estimated at $4.5 billion, more than 5% of the national income. But N.H.S. has far too much to do and too little money, facilities and manpower. Almost half of the 2,500 N.H.S. hospitals in England and Wales were built before 1891. Despite a $615 million building program, many patients will continue to be hospitalized in converted 19th century workhouses for years to come...
...examining data transmitted from OAO-II, its second Orbiting Astronomical Observatory-which is still functioning effectively after a year in space -NASA this month declared that "astronomers are contemplating the possibility that the universe may be several times larger than previously believed." And how large is that? Some 40 billion lightyears* in diameter, concluded newsmen after talking to NASA. Breathlessly they reported that the most distant galaxies might be twice and even four times as far away as anyone had expected...