Word: spending
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Dates: during 1950-1959
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Many Houses are using the money largely to attract "big name" visitors to their guest suites. But, to import a celebrity is expensive (he receives transportation costs plus a generous "honorarium," seldom refused). As Master Perkins explained, a House can easily spend 15 per cent of its yearly allowance on a single short-term visitor. Furthermore, celebrities are busy men, usually unable to remain in Cambridge more than a few days. Contact with students may be limited to shaking hands, trading pleasantries over sherry glasses, and a speech. It is never enlightening to hear a man--however great--repeat what...
...McCone touched a sensitive committee nerve almost at once by saying that "efforts during the past five years have paid off in remarkable progress. I believe we have had a good program." Snapped Tennessee's Democratic Senator Albert Gore, author of a bill to spend $1 billion on advanced nuclear development by 1965: "It has failed miserably, else you might not be chairman of the commission...
EVERYONE in Washington agrees that the U.S. should have a new Government housing program. But how much should the U.S. spend? And on what...
...Administration wants to spend $317.6 million in fiscal 1960, down sharply from last year's emergency expenditure of $1.1 billion. The Senate has upped the ante: it passed a bill raising expenditures to $505 million for 1960, obligating $3.6 billion in future years. House bills go even farther: they call for increasing expenditures to $957.5 million next year, obligating a total of $6.1 billion...
...major differences between the Eisenhower Administration and the heavily Democratic Congress is on veterans' housing, urban renewal and public housing. The Senate wants to spend an additional $150 million on direct loans to veterans; the House bill calls for $300 million. The Administration flatly opposes both, argues that a better way to help the VA program is to boost the indirect rate ceiling on VA loans, currently pegged by law at 4¾%, which is too low to get veterans mortgage money, to 5¼%, where financing is more readily available. Congress has agreed to the boost...