Word: foreign-aid
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...REGARDLESS of the drive to cut the Administration's $3.9 billion foreign-aid program-and the chances are that it will be cut deeply-many a businessman feels that it is high time for a new and different approach to foreign aid. The most promising: encouraging greater activity abroad by U.S. private enterprise. Secretary of State Dulles told Congress that the Administration would prefer to see private capital eventually replace foreign-aid funds in overseas economic development. So far, however, the Administration has presented no overall plan for encouraging a greater flow of U.S. private enterprise abroad...
Congressional chatter about cutting the $72 billion Federal budget has so far centered on defense, foreign-aid, schools and health-and-welfare expenditures. Last week in Houston one of the nation's biggest cotton men, Lamar Fleming Jr., board chairman of Anderson, Clayton...
Away from Washington. Rumbling through Congress already were suggestions that the size of U.S. foreign-aid allotments be sharply cut. Warned the President: "I don't think you can take substantial cuts there and still support the welfare of the United States and the world . . . We asked for $4.4 billion, of which about $2.6 billion is for military assistance . . . to which we are committed . . . and about $1.8 billion for all other. And if you were interested enough to read my inaugural address and the several messages I have addressed to the Congress, you know how greatly I believe...
...Senate voted down the Russell substitute by 58 (38 Republicans, 20 Democrats) to 28 (23 Democrats, 5 Republicans*) and cleared the tracks for the adoption of the entire Eisenhower resolution this week. But the victory by no means put out Dick Russell's warning light for the foreign-aid program, which will be up for appropriations in the spring. Unless the Administration can effectively present a carefully engineered foreign-aid program, it may yet face the really big fight of the 85th Congress...
What's wrong-and what's right-with the U.S.'s foreign-aid program? To get a cold-eyed answer to this $4.7 billion question that is already vexing Congress, President Eisenhower last September named seven eminent men as "Citizen Advisers on the Mutual Security Program." With Benjamin F. Fairless, ex-chairman...