Word: fiscality
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Dates: during 1950-1959
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Swamped. Chief target of farmer anger was still Secretary of Agriculture Ezra Taft Benson, who for seven years fought the scandalous farm subsidy program by urging Congress to reduce Government acreage controls and price props. Unhappy result: the U.S. farm program will cost a record $6.6 billion in fiscal...
Meanwhile, in his office above the pro's shop at the Augusta National Golf Club, President Eisenhower began hammering out the domestic budget for fiscal 1961 with his top Cabinet officers. "Gentlemen," he had told them at a session fortnight before in Washington, "you are going to have to prove each item to me." Despite pressures of rising prices and cries for ever more costly military hardware, the President was determined to make a balanced budget his top domestic priority...
...hear about Texan Anderson's painful decision in 1952 to bolt the Democrats and vote for Eisenhower. Anderson keeps in close touch with the leaders, tells them in detail about his plans and programs. He also has a warm friendship with Speaker Rayburn's top fiscal adviser, Arkansas' Wilbur Mills, able chairman of the powerful House Ways & Means Committee. These leadership contacts, plus his unflagging attention to every staffer and stenographer, give Anderson more support in Congress than a member of a Republican Cabinet has any right to expect from a Democratic majority...
Fight Against Upcreep. As the economic indicators started climbing, Anderson's prestige climbed with them. That autumn he set off on another soft-spoken crusade: his fight to get the Administration firmly committed to balancing the fiscal 1960 budget that the President would send to Congress in January...
...accept foreign aid. Every day the idea is gaining force that eventually Panama should regain jurisdiction." What that meant precisely, he never said, but he did not want the canal itself for Panama. Instead, he would settle for a fifty-fifty split of gross canal revenue (fiscal 1958: $83 million). Boyd touched off last week's violence by entering the Canal Zone with a Panamanian flag, a cluster of followers and photographers...