Word: lifts
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Dates: during 1950-1959
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...billion next year, with an increased schedule thereafter. The notion of a $38 billion ceiling on defense spending is as dead as a rubber check, perhaps for many years to come. ¶ There will be no tax cut next year; there may be an Administration request to Congress to lift the $275 billion national debt limit, although budgeteers will make heroic attempts to stay within the limits...
Flying Friars. When Montini decided this fall that Milan needed a major spiritual lift, he went at it with energy and thoroughness. From Bologna he borrowed Giacomo Cardinal Lercaro's squad of 20 "Flying Friars" (TIME, Dec. 7, 1953), whose trucks carry loudspeakers, altars and confessionals. From all over Italy he hand-picked a corps of 800 preachers belonging to all religious orders. He lined up the cooperation of Milan's officials, businessmen and non-Communist Labor leaders. Aim of the mission is not converts but "to strengthen man's filial ties...
...these reasons, many a financial expert thinks that the U.S. must not only lift the debt limit; it must also change the way it thinks of the debt. When the ceiling was put on, the debt was 130% of the gross national product. But as the economy grew, the comparative size of the debt shrank until now it is only 62% of the gross national product. Thus, the federal debt could be doubled-and the burden would still be less than it was ten years...
...little (pop. 600) town of Shippingport, Pa. this week, a man in a white protective suit will step alone into the spotless puzzle box of the world's most powerful atomic reactor. After he shuts twelve one-ton doors and gives the final signal, giant control rods will lift slowly out of the uranium reactor core to start a sustained chain reaction. At the moment the reactor "goes critical," a flow of 508° F. water will pass through the core chamber, starting a nuclear process that eventually will produce steam to generate electric power. After three years...
...that next year's "accelerated" defense program may cost $2 billion more than the $38 billion planned by the Administration. Said Bridges, even while renewing his respects to the principle of Government economy: "I believe this comes first." Late word spread that the President will ask Congress to lift the $275 billion debt ceiling...