Word: budgeting
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Dates: during 1960-1969
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...must learn that it is madness-not security-to devote 70 per cent of our controllable Federal budget to armaments and only 11 per cent to the quality of life," McGovern said...
...briefing may begin with a comment intended to jolt the audience into paying attention, or at least staying awake. It might, for example, start with the statement: "We have won the war in Viet Nam." Or, depending on the audience and the need for additions to the military budget: "We are losing the war in Viet Nam." If the briefer is in the Air Force, he makes three points-no more, no less. If he has only two, then he must contrive a third...
...economists agree that this is the proper course. But the stubborn persistence of price increases is straining the patience of consumers, labor leaders, businessmen and members of Congress. With increasing urgency, critics are demanding that Nixon "do something"-that is, something more. They propose wholesale slashes in the federal budget, a return to wage and price guidelines, or even severe wartime controls...
...consumed by inflation, by the civil service wage settlements and by a nearly 200% increase in the cost of welfare assistance to the poor. During the Lindsay years, welfare has replaced education as the city's biggest single expense, now totaling $1.5 billion, or 23% of the $6.5 billion budget. The number of people on relief has doubled, to roughly 1,000,000, and although city officials contend that the rate of increase is now slowing appreciably, this is scant consolation to the wage earner of moderate means who knows that one out of eight New Yorkers is getting welfare...
...wanted to be sure that the U.S. would continue to supply arms to Israel. Specifically, she asked for 25 more Phantom jet fighters (Israel has already begun to take delivery of 50, costing $200 million) and 80 Skyhawk jets. Noting the war's strain on Israel's budget, she requested a cut in the estimated 7% interest that Israel is still paying on the initial Phantom order...