Word: trumanity
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Dates: during 1940-1949
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...train rolled into Washington's Union Station, Harry Truman was wide awake and in high good spirits: he had proved to himself that the old road show still brought in the crowds...
President Truman took a long, not so happy look at the budget last week, and reported that the deficit would be a huge $5.5 billion, instead of the mere $873 million he had predicted in January. It was the second biggest in U.S. peacetime history (the biggest: 1940-41's $6 billion...
...deficit, Truman said, could be blamed on the summer slump, which had decreased tax receipts by $3 billion. Expenditures had increased by $1.6 billion. Cuts in the defense budget and international aid were more than offset by $1.3 billion extra paid out for veterans' benefits, $800 million extra needed to bolster sagging farm prices. Another big item was the unexpectedly high burden of underwriting the mortgage market for veterans and rental housing projects. It had been budgeted at a modest $200 million; it was costing a whopping $1.3 billion-an increase...
High Hopes. Thus, with high hopes, the United Steelworkers set out last week to deal with steel companies who, after five strikebound weeks, were making conciliatory sounds. In contrast to the simple 10?-an-hour plan proposed by President Truman's fact-finders and rejected by industry, the new formula required four typewritten pages of "simplified" explanation by the union. The steelworkers would pay some of their wages-2¼? an hour-into the insurance half of the fund, with Bethlehem chipping in another 2½? an hour for each worker. But the company would have...
...Their choice: Harry A. McDonald, 55, the first Republican boss of SEC since it was set up in 1934. SEC's three Democratic commissioners voted for McDonald to succeed Edmond Hanrahan, who resigned as SEC chairman last month (TIME, Oct. 24). Although the White House was mum, President Truman apparently approved also...