Word: debt
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Dates: during 1950-1959
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Speaking at the 'Cliffe's formal opening of the academic year, at the First Congregation Church, Jordan added that the one out of five admissions ratio will allow the school to have graduates "who will repay the debt to society" accruing after a Radcliffe education...
...differences are differences of degree . . . From my standpoint the essential thing is to keep our expenditures on armament and foreign aid as long as there is no general war, at a percentage of our total income which will not destroy our free economy at home and further innate our debt and our currency . . . General Eisenhower emphatically agrees with me in the proposal to reduce drastically overall expenses. Our goal is about $70 billion in fiscal year 1954 and $60 billion in fiscal year 1955. That would make possible a reduction in taxes to the $60 billion level for the year...
...Diapered Debt. For the sake of party harmony, without which the Republicans might not win Indiana in November, Eisenhower publicly stood beside Indiana's demagogic Senator William Jenner, who is up for re-election and who has vilified Eisenhower's friend, General George Marshall. (Among past Jenner epithets for the old soldier: "Living lie," "Front man for traitors," "Unsuspecting stooge or an actual co-conspirator with the most treasonable array of political cutthroats...
...luncheon, Jenner closed a roaring speech by telling how he had visited a hospital nursery where the newborn squalled noisily. Cried Jenner: "If you came into the world and you had nothing but a diaper on, and you owed the Government $2,000 as your part of the national debt, and your diaper was wet, by God, you'd be crying too!" Ike colored, ducked his head, put both hands over his ears-then laughed gustily and joined in the applause for Jenner...
...plan. In 1942 Ruml began worrying about the problem of the $7,500-a-year Macy executive who was called into the Army on a salary of $50 a month. How could he pay his 1941 income taxes? Ruml proposed that everyone get out of debt to the Government by moving over to a pay-as-you-go basis. In 1943, Congress passed an amended version of the Ruml plan, setting up the present withholding-tax system. Now nobody, but hardly anybody, is in debt to Uncle Sam-though Uncle Sam is still in debt...