Word: budgeteering
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Dates: during 1960-1969
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...DEFENSE SPENDING. Defense Secretary Melvin Laird, under heavy pressure to cut further the $77.6 billion defense budget that many consider a prime cause of inflation, jettisoned the Air Force's six-year-old space-exploration project known as MOL, for Manned Orbiting Laboratory. By dropping the program, the Administration will save just over half of MOL's $3 billion projected cost. Budget Director Robert P. Mayo announced that henceforth the defense budget will receive the same scrutiny as that of any other department, instead of going directly to the President -though skeptics doubted whether the new ruling would...
...Moreover, a uniform provides no compensating psychic income to its wearer today. Determined not to repeat the mistakes of previous regimes that allowed the German army to become a state within the state, Bonn may have downgraded the postwar armed forces too far-the defense share of the federal budget has dropped from 28% in 1965 to 22.6% this year. Few soldiers wear their uniforms on furlough. Many German girls boast that they would never date a soldier in uniform. The uniform itself -gray and baggy-faithfully reflects the army's lack of prestige...
...spend billions of dollars annually in furthering the Communist cause abroad. The bulk of the money goes for arms for North Viet Nam and oil for Cuba, which are items that advance Soviet diplomatic aims. The U.S.S.R. until recently supplied one-fifth of the Italian party's $10 million budget, helps the Indians financially, subsidizes the illegal party of West Germany and supports the Latin American parties. Danish Communist leaders get three free suits a year made in East Germany, and some parties get a rake-off on whatever trade or tourism their countries do with the Soviet Union...
Detroit Symphony had an earned annual income of $550,000, which left it only $400,000 to raise to meet a $950,000 budget. This past season, the orchestra's earned income rose to $900,000 -but its budget soared to $2,200,000. The Los Angeles Philharmonic's deficit of $500,000 in 1966 has increased...
...Administration ran into another Federal funding problem. The National Science Foundation turned down Harvard's request to restore some of the money cut out of the 1969 NSF budget. Harvard said the money was necessary to maintain "a liveable level of project research...