Word: budgeteers
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Dates: during 1940-1949
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Bradley left no doubt that the Army would stand solidly behind the trimmed-down budget Harry Truman had sent to Congress. Though the Army had lost about $1 billion in the process, he said: ". . . I would much prefer to take some military risk rather than have to weather the dangers of an economic bust...
...already working out a thinning diet for itself. Navy Secretary John Sullivan announced that the Navy was closing down nine air stations (eight of them on the West Coast and in the Pacific) and laying up 72 vessels (only 15 of them major combat ships) to squeeze inside its budget. In doing so, the Navy was also shifting its weight around, from the Pacific to the Atlantic, where the Navy would add 30 new combat ships. But the Navy, already possessor of the mightiest aircraft carrier fleet in history, was still going ahead with the building of its mammoth...
There were a few encouraging signs. A small independent producer had just turned out a promising feature for $500,000. Called Obsession, it had been brought in under its budget by Director Edward Dmytryk, one of Hollywood's "unfriendly ten." The bigger producers, including Rank, had been making economies too, but insiders still thought that production costs were much too high. The titans were studying the lesson already learned (if not always practiced) by Hollywood: the only way out of the slump was to make better pictures for less money...
After only three months of inductions under the new draft law, the armed services had an embarrassing confession to make: they had already reached the 1950 budget ceiling of 1,616,000 officers and men.* There would be no need for any draftees in February and March, and no room for them...
Died. James Henry ("Dress-Shirt Jimmy") Thomas, 74, British labor leader who was forced to resign from the Cabinet in 1936 for tipping off friends on budget secrets; in London. Starting as a railroad engine wiper in his early teens, Thomas led his first strike at 15, rose to be head of the powerful National Union of Railwaymen, became a Laborite M.P., served in five Cabinets, was slated for the peerage when the budget scandal broke...