Vandenberg Attacks Cut In ERP Funds (ca Jun48)
MCU Vandenberg looking at camera, holding cigar. LS of hearing room w/ journalists & a long table w/ committee members around it.
06:04:50 Arthur Vandenberg: “I am simply particularly urging as a fundamental proposition that you escape from the horrible hazard which is contained in this horizontal meat ax reduction of what can be figured as either 20 or 25% in the net horizontal cut which results from arbitrarily spreading this appropriation out over 15 instead of 12 months...admit that any such action is calculated to change the character of ECA from recovery to relief alone; thus plunging us back into the dreary, hopeless, sterile & utterly costly routines from which we must escape.”
Post-WWII European Rebuilding; Economics; Congressional Budget Hearings; ca Jun48;
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