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...began in January when George Magoffin Humphrey, as one of his top aides said later, "tossed a match into the barn and sure started a fire." Treasury Secretary Humphrey's warning that high Government spending would in the long run bring on a depression "that will curl your hair" caused hair to stand on end all over the U.S. Editorial writers cried of "idiot spending," and budget figures rolled sonorously across Chamber of Commerce luncheon tables from coast to coast. Congressional mail pouches swelled; New York's Republican Senator Irving Ives totted up 2,155 budget-cutting letters...

Author: /time Magazine | Title: THE BUDGET: Peace, Progress & Pork | 4/15/1957 | See Source »

...much too big, Byrd happily cited a top member of President Eisenhower's own team: Treasury Secretary George Magoffin Humphrey, who set the budget furor stirring last January with his now famous prediction that high taxes, continued for years on end, would bring on "a depression that will curl your hair...

Author: /time Magazine | Title: National Affairs: Snap & Snip | 4/1/1957 | See Source »

...Delany runs, the spike-scarred boards of Madison Square Garden's track curl out eleven uneventful laps to the mile. Other athletes strain to feel the thin snap of the finish tape; Delany beats them to it with deceptive ease. In the mile run at the Knights of Columbus games last week, the pale, frail-looking Irishman loafed through the first 8½ laps as if lazing along the banks of the Liffey back home. He stayed an easy third; suddenly, almost imperceptibly, he moved to second, then, with a lap and a half...

Author: /time Magazine | Title: Sport: Loafing Champion | 3/18/1957 | See Source »

...Report came a candid, grandfatherly rumble from a man whose very name has been used by Democrats for years to frighten Prosperity's babies. Warned ex-President Herbert Hoover: "Secretary Humphrey says that unless we change some of our ways, we will see 'a depression that will curl your hair.' Mine has already been curled once, and I think I can detect the signs . . . Unless we curb inflation on its way up, Old Man Economic Law will return with a full equipment of hair curlers...

Author: /time Magazine | Title: THE ECONOMY: Lay Those Curlers Down | 2/18/1957 | See Source »

...appeal for governmental conference, Hoover repeated Secretary of the Treasury Humphrey's recent forecast that big federal budgets, if long continued, will produce "a depression that will curl your hair...

Author: By The ASSOCIATED Press, | Title: National Guard Leaders Pleased By Ike's Promise at Conference; Hoover Advocates Cut in Budget | 2/5/1957 | See Source »

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