Word: magoffin
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Dates: during 1950-1959
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...last week Washington was strewn with the wreckage of the demolition job that U.S. Treasury Secretary George Magoffin Humphrey began last Jan. 15. On that day Humphrey held a press conference to explain the latest Eisenhower budget. His prepared statement, written with White House assistance and approved word for word by Dwight Eisenhower, left an eminently proper impression of a Treasury Secretary defending his boss's budget. Then came a question-and-answer period-and George Humphrey struck out on his own. If long-range expenditures are not reduced, Humphrey predicted, the nation will see "a depression that will...
...began in January when George Magoffin Humphrey, as one of his top aides said later, "tossed a match into the barn and sure started a fire." Treasury Secretary Humphrey's warning that high Government spending would in the long run bring on a depression "that will curl your hair" caused hair to stand on end all over the U.S. Editorial writers cried of "idiot spending," and budget figures rolled sonorously across Chamber of Commerce luncheon tables from coast to coast. Congressional mail pouches swelled; New York's Republican Senator Irving Ives totted up 2,155 budget-cutting letters...
Star Witness. To support his claim that the fiscal 1958 budget is much too big, Byrd happily cited a top member of President Eisenhower's own team: Treasury Secretary George Magoffin Humphrey, who set the budget furor stirring last January with his now famous prediction that high taxes, continued for years on end, would bring on "a depression that will curl your hair...
Treasury Secretary George Magoffin Humphrey, for example, has some pretty strait-laced ideas about balanced figures. Testifying last week before a crowded session of the Joint Congressional Committee on the President's Economic Report. Humphrey warned: "If we retain our present high tax rates over a sufficiently long period of time, we won't be able to maintain the activities necessary to provide jobs for our people." But he turned down committee invitations to suggest ways of trimming President Eisenhower's $71.8 billion fiscal-1958 budget (TIME, Jan. 28). Urged Wyoming's Democratic Senator Joseph...
...George Magoffin Humphrey, 66, in four years as Secretary of the Treasury not only has shaped the grand design of Eisenhower economic policy, but is now the unquestioned strong man of the Cabinet, and one of Ike's closest advisers. Hurnphrey sees the President frequently, talks to him more frequently by telephone. Ike likes Humphrey's blunt honesty and his ability to make decisions in any field. When Secretary Dulles was stricken in the midst of the Suez crisis, the President instinctively turned to Humphrey for counsel, and Ike's own confidence in Humphrey radiates through...