Word: budgeteering
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Dates: during 1960-1969
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...vocal cord, he held lengthy, vigorous phone conversations with Administration leaders in Washington. The President stayed in his room late some mornings, but he was not, it was explained, being a slugabed. Propped up on pillows, he labored over intelligence reports, diplomatic cables, and of course the federal budget. The word went out from the ranch that $1.1 billion-25% of the $4.4 billion total allocated-would be chopped from the federal highway program, an economy move that will delay road building in every state in the Union...
...biggest, most crucial, yet least predictable segment of the budget is defense. And though the Administration is striving mightily to keep it to a minimum, the Pentagon last week was in labor with a behemoth...
...defense budget's most elusive variable is the war in Viet Nam. The conflict is now costing around $2 billion a month, up 100% in the past year. One item alone, the amount of aerial ordnance unleashed over North and South Viet Nam, is already equal to the World War II level, and has surpassed that of Korea. The U.S. has lost 560 planes to date (427 over the north, 133 over the south), more than its worldwide losses in wartime 1942. Defense Secretary Robert McNamara recently ordered 280 new fighters at a cost of $700 million...
...Request a supplemental appropriation to the 1966-67 defense budget-originally estimated at $60.5 billion-of from $10 billion to $15 billion, bringing total defense expenditures in the current fiscal year to possibly $75.5 billion, biggest since the record $79.9 billion spent in 1945, last year of World...
...Battle. Kennedy was a hard learner. For all his 1960 campaign talk about the need to spur the economy's growth, he was at first much less adventuresome and more conservative than his economists. He was determined to balance the budget and mighty reluctant to try the deficit-spending theories of the late John Maynard Keynes. It took Heller and his activist aides almost two years and 300 memos to convince Kennedy of the Keynesian notion that both economic growth and Government income would be increased...