Word: eca
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Dates: during 1950-1959
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Crying economy, some Republicans had hacked away at the program's main trunk -funds for ECA. Most Senators agreed with ECAdministrator Paul Hoffman that the foreign aid was not charity but self-protection; the difficulty was that Europe, being in no one's constituency, had to be debated on its own merits alone. Missouri's James Kem wanted to slash off $1 billion. Ohio's Taft offered an amendment to knock off $500 million, about 16½% of the total. He would favor cutting "every reducible appropriation," foreign & domestic, Taft declared, by just about that percent...
...only one area did there seem to be any disposition to economize. In the Senate, where members apathetically debated the new ECA appropriation, Republicans considered whether foreign aid could be reduced. Noting that Britain in the last six months had "balanced its international budget," Robert Taft said: "I wonder why . . . we should advance anything to the United Kingdom during the following year." But it seemed likely that, after all the talk was over, ECA would get most of the $3.3 billion it asked...
...time to lose . . . The cost for economic aid and for weapons, for both South and East Asia, has been estimated at three or four hundred million dollars a year . . . Much more than that amount . . . could be saved without serious risk and possibly with affirmative benefit through trimming our proposed ECA Marshall Plan appropriations for Western Europe for the coming year...
Associate Dean Stanley F. Teele greeted the guests yesterday morning, and Clinton S. Golden, consultant to Paul G. Hoffman, spoke to the visitors on hettrit of ECA...
This is the first ECA team to make such a study at an American university. Previously the men brought over by ECA have limited their work to analyses of particular industries...