Word: drained
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...anarchy . . . From the times of Darius and Cyrus, Persia has known only peace through a strong man ... To prate of democracy to the Persians is like advocating prohibition to the denizens of hell." Childs believes that "the money we are pouring into Persia is money thrown down a drain," and that the U.S. faces "the alternative of seeing Russia take over the whole of Persia or, if we are sufficiently farsighted, only the northern half." His urgent recommendation: "The U.S. should be prepared, if necessary, to occupy southern Persia and regain possession of [the Abadan oil refinery], preferably...
With this prospective revenue drain, the plum looked rather biliously green to the Administration. Faced with a growing national debt that was already scraping the 275 million dollar limit, and Truman's parting prediction of a ten billion dollar deficit, Eisenhower made an abrupt about face. "A reduction in taxes," he said in his State of the Union message, "should come only as we can succeed in bringing the budget under control...
...modified program was, of course, the only possible one. With military and civilian budgets suddenly looking more muscular than corpulent, the most optimistic budget slicer began to wonder how Eisenhower could cut more than three billions now. Even this cut, by no means filling in the tax hole, would drain needed funds from foreign aid, the metals stockpiling program, and public works...
...Italy, which are most in need. It was even debatable whether revaluation would bring gold out of hiding; it might only increase hoarders' distrust of paper money. And even though revaluation would artificially increase the value of a nation's gold stocks, it would not stop the drain. Only a balance between imports & exports could do that. If the balance were achieved, then even a small gold supply, such as France had, would be ample. And the price of gold had not been kept artificially low. Bar gold, in which the big trading is done, was quoted...
American Star. The cost of the satellite station ($4 billion) Von Braun considers reasonable. The cost could be spread over ten years or more and would hardly be missed by a nation already spending $50 billion a year on its defense. Nor would it drain the U.S. of qualified technical men. There are plenty of them around, but they are "working on iceboxes." He has letters from a number of topflight engineers and scientists who will work for the Government only if employed on something as exciting as rockets headed for space...