Word: debt
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Dates: during 1950-1959
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Curtice is a true symbol of our debt-burdened generation. Could he be the paid piper of mammon, whose honking horn lures us into the quicksand of two-toned time payments...
...cuts v. debt reduction. "I think one of the great dangers of our country lies in the fact that our debt is huge. Before we cut taxes, in my judgment, we ought to get our house in order and see that the debt...
...years ago the budget proposed private financing of new power plants for TVA; the 1957 budget asks for funds to get going on some new Government-built steam plants pending congressional approval of a revenue bond program. The fixed Government charges roll on relentlessly: interest on the Government debt is budgeted at $7 billion, and total veterans' benefits at $4.9 billion, up $86 million. By the end of the century, the President noted, veterans' compensation and pension payments may be twice the present $3 billion unless some changes are made in the system...
Because the U.S. was still dizzy from a $24 billion debt piled up in World War I, Warren Harding was the first President to win the right to revise, reduce or increase budget estimates from the departments. (Under the 1921 act, the penalty for the agency head who bypasses the Budget Bureau is a $500 fine and/or one year in jail.) The director was clearly intended to be the President's man, because Congress did not even require Senate confirmation of his appointment...
...accepted a leftish Labor Party leader as his vice-presidential running mate. On top of that, he failed to reject the Communist Party's bandwagon-climbing endorsement. Inevitably, opponents labeled him a left-winger as well. Said Kubitschek at a Washington press conference: "I am not in debt in any way to the Communists...