Word: billioned
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Dates: during 1950-1950
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...billion in dollar aid had bought Britain time to work out a way of living within its income-austerely. British production had increased about 40% over 1946; the rate of dollar-spending in the first quarter of 1950 had been cut 25% from the first Marshall Plan year. Currently, U.S. stockpiling was bringing an unexpectedly large number of dollars into the sterling area, especially for tin and rubber. Britain's share of U.S. military assistance-still unspecified-would also help keep the dollar gap closed...
...Defense Administration, which also had bomb shelters on its mind. The FCDA, not yet as sure of its plans as Mrs. Heiberg, announced last week that it planned to provide bomb shelters for 50 million people in critical target areas. For that purpose alone, it proposed to spend $2 billion of the $3.1 billion it had requested from Congress. The FCDA said it would foot 54% of the bill for the shelters, hoped the balance would be paid by state and local governments...
...NAMsters were against the Administration's excess-profits tax, they were ready to go along with a boost in corporate and other taxes. Some of them, notably Lewis H. Brown, Johns-Manville board chairman, talked as tough about taxes as anyone in Washington. He asked for a $25 billion hike to help combat inflation and balance the budget...
Predicting that the federal budget may rise to $75 billion, with $50 billion spent on arms, J.-M.'s Brown declared that "there must [then] be a reasonable equality of sacrifice" to make up the needed new revenue of $25 billion. Said Brown...
This country can support armed forces of six million men and annual military expenditures of $84 billion without "serious impairment" of the civilian economy and for "as long a period as may be necessary," the article states...