Word: offsets
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Though Rogers tried to offset the impression created by these announcements by emphasizing that the U.S. was determined to remain a Pacific power, many Asian governments were uneasy. Philippine, Australian and New Zealand officials expressed concern to Rogers over possible U.S. withdrawals from Asia. South Korea and even Japan did not. try to conceal their fears that "readjustments" in the U.S. military presence might turn into a dangerous thinning out of U.S. forces...
...freeze in the number of offensive strategic weapons. The Russians' slight edge in the number of land-based ICBMs (1,240 to 1,054) would be offset by the U.S.'s superiority in strategic bombers (533 to 150). Submarine-borne missiles may be excluded from the proposal unless a method can be found to reconcile the difference between the U.S.'s 41-ship fleet carrying 656 missiles and the Soviets' 40-sub flotilla with 280 missiles...
...years. To increase the dividend payout, Kelso would gradually abolish corporate income taxes and require companies to distribute all of their earnings to stockholders. Kelso maintains that the Government's revenue loss would be temporary and bearable. One reason is that rising personal-income-tax collections would greatly offset the gradual decline in corporate tax take. He also foresees a decline in Government expenditures for welfare and "make-work" activities -subsidies for uneconomic farms, dubious construction and military projects -that, by his estimate, now occupy one-third of the U.S. labor force...
Such complaints are more than offset, however, by the knowledge that the SA3 missiles have caused the Israelis to suspend their deep-penetration raids for fear of direct confrontation with the Soviets. Egyptian morale, in fact, is at its highest point in months. "The uncertainty of the future still gnaws at everybody," a Cairo businessman said last week, "but at least we know that Cairo won't be bombed." The piles of sandbags have disappeared from the Nile bridges, blue dimout paint has been scraped off windows and automobile headlights, and Suleyman Pasha Square is bathed in new floodlights...
...most anxious to spend its tax revenue, of course, is the U.S. Richard Nixon, who told visiting students at the White House last week that the Middle East is "ready to go up" again, is still pondering Israel's request for 25 Phantom jets and 100 Skyhawks to offset the Soviet MIGs and SA3 missiles in Egypt. In March Nixon turned down such a request, but pressure is mounting for him to reply to the. Russian challenge by reversing his decision. Two separate studies on the question are being conducted-one by the National Security Council staff...