Word: billioned
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Dates: during 1960-1969
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California's attorney general, meanwhile, was preparing two suits for over $100 million each against the Federal Government and Union Oil for damage to wildlife and the shore line. Private suits, such as the one filed in Santa Barbara Superior Court for over $1 billion, may well be joined with the state action...
These questions are asked each year by many of the 130 million Americans who pay 500 million visits to the doctor. For them, the doctors write a billion prescriptions for a total drug bill of some $3.5 billion. Each year, 27 million Americans go into a general hospital, where they spend an average of 8.2 days and get a bill of $530, about half of which is covered by insurance. The total cost of U.S. medical care is now $53 billion a year?5.9% of the gross national product, or 7.5% of all personal income. These figures are far higher...
...making the effort-and that effort is beginning to pinch the public. The 10% tax surcharge shows signs of reducing some consumer demands; retail sales have rolled along on a plateau since last fall. The federal budget is expected to shift from last year's deficit of $25 billion to a small surplus in fiscal 1969, resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose at a 3.7% rate in January...
Lieutenant General Alfred D. Starbird, in recent testimony before the House Appropriations Committee, countered these arguments by telling startled Congressmen what they hadn't been told last year when they approved initial funds for the program: the Defense Department views the $5.5 billion system as only a first step in keeping up with an increasingly complex Chinese force. The final price tag is unknown...
...proceed with an ABM program, the military now asks of Congress $1.7 billion and authority to acquire their second and third sites in Seattle and Chicago. In the Senate, at least, there is an even chance that these requests will be refused, a reassertion of Senate power in foreign policy long-awaited since Vietnam...