Word: stretch-out
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...stretch-out in military preparations...
...year it was 1956.) As their economies began to creak and their political supporters to groan under the strain, European leaders tried to persuade Dean Acheson & Co. to spread the effort thinner over a longer period. Winston Churchill was roundly condemned in the U.S. last year for proclaiming a stretch-out. Now the U.S. talked the same language...
BUDGET & TAXES. Although Harry Truman predicted a bookkeeping deficit of $10 billion for fiscal 1953 (which began last July), the arms stretch-out has cut spending and thus reduced the estimated bookkeeping deficit to less than $8 billion and the cash deficit to about $4 billion...
...mobilization that began with the Korean war has been notable for snafu and stretch-out. Last week the Department of the Army announced that two important items of defense production were right on schedule. Production of medium tanks and 2½-ton military trucks will be tapered...
Aircraft production is another story entirely. The Wall Street Journal reported last week that production difficulties are forcing another stretch-out of plane deliveries. Under Secretary of the Air Force Roswell L. Gilpatric hurriedly denied any slowdown or "any major lag in the program as a whole...