Word: millions
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Dates: during 1940-1949
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President Truman took a long, not so happy look at the budget last week, and reported that the deficit would be a huge $5.5 billion, instead of the mere $873 million he had predicted in January. It was the second biggest in U.S. peacetime history (the biggest: 1940-41's $6 billion...
...deficit, Truman said, could be blamed on the summer slump, which had decreased tax receipts by $3 billion. Expenditures had increased by $1.6 billion. Cuts in the defense budget and international aid were more than offset by $1.3 billion extra paid out for veterans' benefits, $800 million extra needed to bolster sagging farm prices. Another big item was the unexpectedly high burden of underwriting the mortgage market for veterans and rental housing projects. It had been budgeted at a modest $200 million; it was costing a whopping $1.3 billion-an increase...
...Said Politburocrat Malenkov: the U.S. is trying to enslave the whole world, outdoing the Nazis and the Japanese imperialists; at the same time, the capitalist system is approaching another disastrous depression (by lumping in "those not working a full week," Malenkov arrived at a U.S. unemployed total of 14 million). Russia, on the other hand, is surrounded by friendly neighbors* and, since the West's fiasco in China, the number of people in the Soviet orbit now amounts to 800 million. "We do not want war," cried Malenkov. "Let no one imagine, however, that we are intimidated . . . The Soviet...
...eyed estimates by government experts had called for a total clearance of 3,210,000 acres of jungle by 1952, at an estimated cost of ?23,975,000 ($67,130,000). Production targets were set at 56,920 tons for 1948, and 277,676 tons for 1949. The ?23 million was spent, all right, but the return added up to peanuts. Only 49,620 acres were planted, which yielded a miserable 2,150 tons of groundnuts and 800 tons of sunflower seeds (planted in rotation with the nuts...
During World War II, the U.S. rated its bases in Newfoundland as the strongest outpost in North America's Atlantic defense. Nearly $400 million was pumped into Newfoundland during the war years to build air and naval installations on the rugged island. In peacetime an average of $30 million a year continued to flow from Washington to keep the bases in first-rate shape and, incidentally, provide Newfoundland with the equivalent of an important industry...