Word: fiscality
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Dates: during 1950-1959
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Economics 1, with the greatest enrollment of any College course is a case in point. Using a popular text-book by M.I.T.'s Paul A. Samuelson, the course lays great stress on Federal fiscal policy (e.g. "countercyclical spending" by the national government to help offset periodic business slumps). Lecturers include Seymour Harris, Chairman of the Department and John Kenneth Galbraith, author of The Affluent Society...
...domestic economy, he said, could the U.S. maintain its world leadership. With spending bills blooming in every congressional committee room, the President's budget seemed as doomed as a wounded impala before a pack of hungry leopards. Ike's no-retreat stand has helped ward off the fiscal marauders ; the economic boom has made pump-priming seem fatuous. Yet, most of all, under Charlie Halleck's House leadership, spending bill after spending bill has been either trimmed to size or killed by vetos the Democrats could not override. With the 86th Congress, first session already past...
...House authorized (294-128) a total of $480,500,000 to be spent next fiscal year on civilian space research and exploration...
Last week the President also: if Signed a supplemental appropriations bill providing an additional $2.8 billion for fiscal 1959. A key item: $150 million for the foreign-aid program's Development Loan Fund...
...Stewardesses. For fiscal 1959, MATS was directed by Congress to spend a minimum of $80 million on contracts to commercial carriers but actually spent only $69 million, 11% of its total budget. Hardest hit by MATS' competitive policy are the small all-cargo airlines, who depend on Government business, are part of the emergency air reserve counted on by the Government for war. Says William Gelfand, contract administrator for the Flying Tiger Line: "We don't say it is MATS' responsibility to keep any of us in business. But if the military is going to compete with...