Word: msp
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Dates: during 1950-1959
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...Noodle. In his effort to avoid World War III, the President added a new noodle to the federal alphabet soup: MSP. The letters stand for Mutual Security Program, which will combine in one three-letter bundle all U.S. foreign aid, including EGA, MDAP and Point Four...
Then the President asked Congress to give MSP $8½ billion for fiscal 1952, about a billion dollars less than he had threatened to ask for in January. Even so, as much money would be spent on MSP as it took to run the entire U.S. Government in 1938. Under MSP, the President proposed to give away $6.25 billion worth of guns, tanks and planes, and another $2.25 billion for economic aid (compared with $5.3 billion military and $3 billion economic in fiscal...