Word: humphrey
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Dates: during 1950-1959
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...have good news today," said Treasury Secretary George Humphrey briskly to a specially summoned press conference last week. After rattling off a list of facts and figures, George Humphrey came to the heart of his good news: "The country has reached the essential turning point toward a balanced budget...
...prime reason, Humphrey explained, is that the U.S. Government is going to spend far less in fiscal 1954 than Harry Truman estimated, less even than Humphrey figured last May-partly because of the Korean truce and partly because of plain, everyday economies. The case of the dwindling deficit estimate went thus (in billions...
TRUMAN'S HUMPHREY...
Another reason for Humphrey's delight is that a Treasury Secretary now has a fighting chance of getting a balance. By cutting the amount of money authorized this year for expenditure in the future, the Administration has insured that after 1954 a greater percentage of federal income can go to pay current expenses instead of being used to discharge old obligations. This, by Humphrey's reckoning, will permit lower overall expenditures from...
SECRETARY of the Treasury Humphrey's campaign to put more of the public debt in the hands of individuals is beginning to pay off. So far this year, sales of series E and H savings bonds have soared 26% (to $2.6 billion). Even more important, Americans have stopped cashing in savings bonds faster than they buy them...