Word: buttering
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Dates: during 1960-1969
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...Guns v. Butter. Many Americans worried impatiently that the Administration was imperiling G.I. lives by allowing Hanoi to funnel arms and men into the South over bridges, roads and jungle trails exempt from air interdiction. On the other hand, the pause had fomented increasingly vociferous assaults on the President's policy in Viet Nam, largely from within his own party. William Fulbright, chairman of the Senate Foreign Relations Committee, challenged the very legality of U.S. involvement in the war. Senate Majority Leader Mike Mansfield urged that the bombing be suspended "indefinitely." Nearly half of the Senate's Democrats...
With most members of Congress facing reelection, Democrats in particular feared that the war would cut into vaunted Great Society programs; as one Republican cracked, they were asking the President to "hold up the guns until we can get the butter spread." While Fulbright in effect wanted the Administration to clear its war plans with his committee, Democratic Senators Ernest Gruening of Alaska and Wayne Morse of Oregon went so far as to propose that the Government be prohibited from sending a single draftee to Viet Nam unless he actually volunteered for duty there...
...programs, and those who, like Michigan's Democratic Senator Philip Hart, feel that "we have two wars on our hands, and we can't afford to lose either." As Republicans press for cuts in domestic spending, there is bound to be a series of bitter "guns or butter" appropriations battles. Among the more vulnerable targets for cuts: the space program, the Appalachian Regional Development Act, the Area Redevelopment program, the housing bill's rent-subsidy plan, and virtually any public works that can be dropped without too loud a political uproar...
...this activity continues," said Monte Gordon, research vice president of Bache & Co., "we will go through 1000 like a hot knife through butter." Gordon's exuberant prediction was based on a significant shift in market activity. The New York Stock Exchange in 1965 traded a record 1.6 billion shares, and the most active part of it was in speculative stocks. Harris, Upham & Co. keeps an informal kind of risky-stock Dow-Jones of its own. Says Senior Vice President Ralph A. Rotnem, "According to our figures, this is the most speculative market since 1959." Harris, Upham's speculative...
...House invited a spirited, varied list of 140 guests, ranging from Dean Acheson to Gene Autry, George Meany to Thomas Dewey. By candlelight in the evergreen-decked state dining room, they feasted on roast duckling, Bibb lettuce salad, lobster imperial and "Yule log" dessert (chocolate cake coated with mocha butter)-the last culinary triumph of White House Chef René Verdon, a Kennedy find who heatedly gave notice a week before the party that he was leaving...