Word: budgeteering
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Dates: during 1960-1969
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...Republican warnings that he will have to choose between "guns and butter," Lyndon Johnson can do little to control defense costs. Thus the President let it be known last week that he was taking steps to spread the butter-domestic spending-more thinly in next year's budget. He summoned Budget Director Charles L. Schultze for a White House conference-the 29th since June-and ordered him to launch a "more rigorous and searching quest for savings" among Government agencies and to be "even tougher than usual" with requests for new or expanded programs. The Administration's target...
Nonetheless, Lyndon Johnson has already had to abandon his cherished, if unrealistic, goal of keeping the U.S. budget below $100 billion. He did so by a scant $300 million when he originally submitted his budget for the current year, thereby projecting a politically valuable image of fiscal responsibility...
...increasingly urbanized America is losing patience with ever-mounting subsidies and surpluses. The political influence of the farmer has already declined. Thus, barring war or prolonged general drought, reasons Cochrane, "increased agricultural productivity is going to drive farm program costs, under voluntary control programs, into direct collision with the budget limitation objectives of the urban voter within the next three to ten years. A crisis in commercial farm policy is in the making...
Obviously, in a free society, farmers cannot be forcibly herded off the land -though former Budget Director Kermit Gordon has estimated that there are upwards of 2.5 million farmers who "do not now and cannot in the fu ture be expected to operate successful commercial farms." In any case, while the number of farms and of people living on farms in the U.S. has already declined by one third since 1955, surpluses continue to pile...
...phase began to end in 1957 when President Eisenhower shifted the major emphasis of foreign aid from outright grants to development loans and investments. President Kennedy in 1961 created the Agency for International Development (AID) as a kind of holding company for all foreign operations, and later put his budget director, David E. Bell, in charge. Now Bell has served longer than any earlier aid boss and won a reputation for taut and canny administration...