Word: costs
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Dates: during 1970-1979
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Earlier in the week, NRC Chairman Joseph M. Hendrie had gloomily warned that the shutdowns would have a "profound importance for our power supply." For one thing, the utilities that own the B & W reactors would be forced to buy electricity elsewhere for their customers. That would be costly. William Lee, chief executive of North Carolina's Duke Power Co., estimated that the cost of such a shutdown would run more than $100 million a month. But, under the compromise, these forecasts seemed somewhat alarmist...
...this noble gesture, Bavas won no applause, no commendations. Instead, HEW officials in Washington told him that it is illegal for a Government employee to turn down a pay increase; otherwise, they explained, some cost-conscious officials might make a habit of pressuring subordinates to do the same. HEW promptly raised his salary...
Technologically, the Vietnam and Mideast wars have shown large and expensive equipment such as aircraft carriers, fighter aircraft, and tanks to be increasingly vulnerable to highly accurate, deadly, and cost-effective precision-guided munitions. Yet the defense budget still shows a greater commitment to these weapons: for example, although Assistant Defense Secretary William Perry portrays "smart" weapons as the most important revolution in military hardware since radar, the budget includes a request for a fourteenth, multi-billion-dollar aircraft carrier...
...term problem of vulnerability of land-based systems. This is a goal for SALT III. It also will not limit military spending and may very well increase it. The U.S., in not atypical fashion of "negotiating through strength," is deploying the new Trident submarine; the projected ten Tridents will cost the taxpayer about $20 billion. Additional systems, under consideration as "bargaining chips" to obtain Senate ratification of SALT, are the MX ICBM at $30-50 billion, and several thousand air-launched cruise missiles at $30 billion...
...Vietnam years. We negotiate strategic arms limitations, yet deploy newer, potentially destabilizing nuclear weapons. We negotiate arms limitations in Europe, yet build up U.S. forces in NATO. We state that new precision-guided, highly accurate technologies are "revolutionizing" the battlefield, yet request funding for increasingly vulnerable, cost-ineffective weapon platforms such as aircraft carriers. And the federal government voices concern over inflation, yet expands spending in a sector which is one of the most inflationary. In short, military spending and force deployments are increasingly in conflict with stated federal policy objectives and military strategies...