Word: budgeteering
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Dates: during 1960-1969
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...announcing what everyone had long expected, but what he had steadfastly refused to confirm all year: that between $9 billion and $10 billion in additional funds will be needed to finance the Viet Nam war in fiscal 1967. That doubles the Viet Nam tab, raises the current defense budget to $68 billion and overall federal spending to $127 billion. It also means that the deficit for the fiscal year ending in June will total at least $10 billion...
...equipment to last week's report from Washington that wholesale prices and retail sales both fell in November for the second consecutive month. In view of these events, the President's problem is whether to try for a tax rise that would certainly help out his budget but that might nudge a hesitant economy toward recession...
...sign that the Soviets have embarked on a comprehensive shelter program to go with it. As some in the Pentagon see it, the Russians may be trying to put economic pressure on the U.S., figuring that their expenditures would be well worth it if they lead the U.S. to budget $30 billion or so on top of the rising expenses of the Viet Nam war. While the Russians obviously consider the U.S. their chief threat now, it may turn out that they are spending their money in the wrong place. The open, vulnerable end of that C faces Red China...
Eisenstadt, who is 30 years old and a lawyer, serves on the School Committee which is gradually being emasculated; it no longer controls its own budget and it no longer can pick school sites or construct school buildings. Most of its real power, like that of the City Council, has passed to the Mayor. Few people give serious attention to the members of the School Committee or the Council, primarily because they can do very little. Eisenstadt, to be sure, has a following but it exists only in his own neighborhood...
Detroit Mayor Jerome P. Cavanagh severely criticized the Johnson Administration's budget priorities and praised recent Supreme Court decisions regarding arrested persons' rights yesterday...