Vandenberg attacks Cut In ERP Funds

Clip: 361208_1_1

Year Shot: 1948 (Actual Year)

Audio: Yes

Video: B/W

Tape Master: 1536

Original Film: 021-151-01

HD: N/A

Location: Washington, DC

Timecode: 00:30:25 - 00:31:28

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Reel: 1

Shaky, blurry and dull in contrast and imagery Founded back in 1948, the German banking institute KFW....special reserved of the US European Recovery Program (ERP) ....In addition to budget funds. Mr. Vandenberg: I'm simply particularly urging as a fundamental proposition that you escape from the horrible hazard which is contained in this horizontal meat axe reduction of what can be figured 20 or 25 percent in the net horizontal cut which results from arbitrarily spreading this approbation over 15 instead of 12 months. 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 and utterly costly routines from which we must escape.