Word: pentagonals
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Dates: during 1950-1959
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...inflation's other front, the fight for a balanced U.S. budget for fiscal 1961, disputes were rumbling that only the President could settle. The Pentagon was crying that U.S. defensive strength will suffer if the Administration insists on holding spending to the $41 billion level of the current fiscal year. In fighting against the outflow of dollars to foreign countries, the Administration was studying a possible cut in foreign aid and a revision of trade policies, with an eye toward shaping a new foreign economic policy that would hold the free world together...
...billion more than it received for its exports. Faced with a $4 billion gap in fiscal 1960 (ending next June 30), Treasury Secretary Robert Anderson has got the President's permission to cast a hard eye over next year's foreign-aid budget and audit the Pentagon's spending for overseas forces and bases. Last month Anderson gave U.S. policy a new dollar-saving twist: the U.S. announced that, with few exceptions, dollars lent in the future to underdeveloped nations by the Development Loan Fund must be spent in the U.S. (TIME...
...Into the Pentagon last week drummed word from the White House that defense spending for fiscal 1961 must be held at or below the present $41 billion level. The services estimated that they would need $43 billion to $44 billion just to maintain present strength and cope with the rising costs of personnel and weapons. Obviously some serious cuts were coming. Best guesses...
...Braun proposed Saturn, with rocket engines designed to generate 1.500,000 Ibs. of blast-off thrust, after Sputnik I revealed the U.S.S.R.'s enormous launching capacity. Nobody in authority responded until the Russians blasted 7,000 Ibs. into space with Sputnik III in May 1958. Then the Pentagon ordered Von Braun to get to work on Saturn. The Budget Bureau promptly tried to stop it, and Director Roy Johnson of the Advanced Research Projects Agency (who is resigning soon) got it going again. Then Dr. Herbert York, the Defense Department's director of research and engineering, opposed...
Readymade Model. The U.S. does not have to put the space program under military command to get going. But the fact stands that civilians now in command of vital elements of the space program, notably NASA Administrator T. Keith Glennan and Pentagon Research Director York, do not have experience in the tough kind of getting-things-done that the occasion demands. One way to resolve the space tangle once and for all would be to set up a unified, civilian-military space organization similar to the World War II Manhattan District in which scientists such as Dr. Robert Oppenheimer developed...