Word: cutbacks
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...Council of Economic Advisers, admits that they have a point. Because housing depends so greatly on credit, he concedes, the industry lies "at the end of the economic whipcracker." When the Government snapped that whip by severely tightening money in 1966, housing absorbed 70% of the resulting cutback in lending. Builders had not yet made up for their 1966 production losses before they were hit again...
...bombing of North Viet Nam. In it, he is likely to propose new action. If the present battlefield lull continues, Nixon may announce a suspension of the daily B-52 raids, already reduced. He will probably go ahead with a third stage of troop withdrawals, perhaps raising the total cutback for this year to the nice round figure of 100,000. The annual truce season of Christmas, New Year's and Tet is approaching; Nixon might offer a more extensive truce than has been customary, which, in effect, would be backing into an experimental ceasefire...
...Pearson recommendations have long been awaited, especially by the Nixon Administration. In his campaign, Nixon seemed to hint at a further cutback, stressing that "we are spread far too thin in too many countries." He has also said that he likes aid that "aids the U.S.A.," suggesting the use of assistance as a political tool...
...that he was suspending draft calls for November and December. He said that the 29,000 already scheduled to be called in October would be spread out over the next three months. Nixon explained that the partial withdrawal of U.S. troops from Viet Nam was the reason for the cutback, and that in December, if all goes well, he would review the programmed January call-up for possible cuts. In overall figures, however, Nixon's announcement means only 5,600 fewer draftees in 1969 than last year...
Most of the Pentagon critics agreed that their defeat was caused by their own lack of organization and by Defense Secretary Melvin Laird's self-imposed cutback of $4.1 billion. Further, Laird promised more appropriations reductions over the next three years by cutting military personnel from 3.5 to 2.6 million men. Currently the military's payroll is $41 billion annually...