Word: debt
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Dates: during 1950-1959
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...these jobs are minor compared with the real job of restoring the Treasury to effective leadership. John Snyder had a preoccupation with borrowing money at low interest rates. To his credit as a banker, he kept the cost of servicing the debt low, but the policy itself contributed to a postwar inflation...
...Magic Sound. As soon as he sits down in his office, problems are ready to pop out at him like clay pigeons at a skeet shoot. For example, some $69 billion of the $267 billion public debt will come due during 1953-Since the $69 billion obviously can't be paid off, it will have to be refinanced...
...than he has spent in any of his years in the White House. He anticipated a deficit of $9.9 billion at the end of the year, higher than any since the $20 billion World War II deficit of 1946. At the end of fiscal 1954, Truman foresaw a national debt of $273.8 billion, nudging the statutory limit of $275 billion. Other notable figures...
...Joliet, Ill.. prison, where he was sen tenced to life in 1924 for his part in the wanton slaying of 14-year-old Bobby Franks, 48-year-old Nathan Leopold felt that he had paid his debt to society and asked for parole. Said he: "I have changed completely. My personality, even my physical being has changed. No cell that was in my body at the time of the crime is there today. I have learned my lesson.&" The parole board is expected to announce its decision sometime this month...
Though one of the things audiences liked about these plays was their refreshing contrast to the orthodox theater, Wilder makes no claims to originality. "My writing life," says he, "is a series of infatuations for admired writers," and he freely acknowledges his debt. He is not a "maker of new modes," but a "renewer of old treasure." Nor does he make any pretense to profundity. All important truths, he insists, lie slumbering inside everyone. A novel or a play is merely the key that springs the lock: "Literature is the orchestration of platitudes." But Orchestrator Wilder was concerned with more...