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Canada, a nation envied by the world for her brimming postwar budget surpluses, sprang two startling fiscal surprises last week. For the first time in nine years, red ink appeared on the national budget and a $160 million deficit was forecast for the year ahead. But instead of belt-tightening to make up the shortage, Canada launched a bold tax-reduction program, slashing personal and corporation income and excise rates to put more money in circulation and give the country's economy a judicious shot...
Lips tight with anger, Faure sprang to the rostrum. "There have been neither threats nor blackmail on the part of our allies," he snapped. "But is it abnormal, is it surprising that our continual hesitations, our twistings and turnings, have troubled our allies? Let's not forget the past. Who asked for the Atlantic pact in the first place? It wasn't America. It was Europe. We feared that there would be no more American troops in Europe, or that the American troops would arrive too late." Bluntly, Faure warned: "We cannot always change our minds after having...
...Pearson's new quantitative theory of war was meant to make his policy more acceptable to the opposition, the strategy was a failure. Tory Foreign Affairs Critic John Diefenbaker sprang up as soon as Pearson finished and charged that the minister's original speech had been "watered down." Diefenbaker rapped Pearson for creating the impression that defense of Quemoy and Matsu would be a "bush fire" of no concern to Canada. Said he: "It is but fantasy to say that what might happen over there would not become an all-embracing conflict...
Soon after Congress last year passed a new revenue code, the law sprang some big, unexpected leaks. Two of the biggest, originally designed to make tax rules conform to business accounting practices, were...
Once. Attlee complained, Bevan "sprang to the dispatch box and gave me a public affront." Bevan had also publicly chided his party leaders for being absent from the House of Commons during one of his speeches. "That," said Attlee, "was unpardonable." Attlee's windup revealed his own misgivings over his handling of the Bevan revolt. "I have tried and failed to get unity ... I have been abused for not taking action, for weakness and dithering." Now he was taking action. He demanded the highest penalty: "Withdrawal of the whip," i.e., releasing Nye from party discipline...