Word: lopped
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Dates: during 1940-1949
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Defense Secretary Louis Johnson's big budget-pruning shears were clipping the U.S. Navy where it hurt-in the wings. Aiming at a cut of nearly $1 billion in the current budgets of the three armed services, Johnson had ordered the Navy to lop off $353 million as its share and let the admirals decide where to do the trimming. Last week the Navy was obediently dismantling 21% of its air arm to meet the new ceiling. Twenty-eight Navy and seven Marine combat squadrons were being withdrawn from service; operations were being reduced at six air bases...
...economy drive died with it. In passing the military bill the Senate did bravely lop about $1 billion off the House's bill (providing for a 48-group instead of the House's 58-group Air Force). A few money bills, including foreign military aid, remained for the Senate to work on and there might be some further whittling when House and Senate conferees got together to settle on final sums. But there was little chance that any important cuts would be made...
Prime Minister Attlee was expected to launch the retrenchment policy next week at the convention of the powerful British Trades Union Congress at Bridlington. Last week he ordered all government bureaus to prepare estimates for a 5% cut in expenditures; if this economy could be carried through it would lop $600 million from the nation's $12 billion budget. Board of Trade President Harold Wilson ordered a 5% slash in some retail textile and footwear prices; this might ease workers' pressure for wage increases...
...INTERNATIONAL). All week long a little knot of Republicans chipped and chiseled away at the whole tripod of U.S. foreign policy-ECA, the North Atlantic pact, the arms program for Western Europe. Their weapon was an amendment drafted by Nebraska's Republican floor leader Kenneth Wherry, which would lop $1.9 billion off ECA's budget and extend it only a year...
...little "pay-dirt" punch would have upset the Hanoverians and would have hung a lop-sided score on the Cross