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ADREAS NARA
prospect of a complete stoppage. Let us not pull up the plant every year to
examine the roots.
In urging the desirability of a continuing authorization to June 30,
1952, we do not urge an abdication of periodic review of accomplishments and
needs. We believe that such a periodic review is sound, whether it be incident
to the normal appropriation process or to liquidating appropriations consequent
upon a public debt transaction.
Appropriation for the first 15 months - The President and Secretary
Marshall have recommended an appropriation of $6.8 billion for the first 15
months of the program, beginning on April 1.
Some say that is too much, that this is more than was asked by the
European countries themselves, and more than was recommended by the Harriman
Committee. It is implied that the President wants to throw away money that
has not been asked for.
Let us examine the facts.
The confusion arises largely because of certain differences in
assumptions among three sets of recommendations. The recommendations of the
European countries -- the so-called CEEC report -- last summer were, of course,
based on July prices. The President's recommendations submitted to the
Congress in December were based on November prices. The Harriman committee
used alternative price assumptions. Similarly the CEEC report and the
Harriman report relate to the calendar year 1948, while the President's
recommendation refers to the fifteen month period April 1, 1948 -- June 30,
1949. There are other technical differences, such as the treatment of
Western German requirements.
Let us put the three recommendations on a comparable basis; precise
comparability is not feasible, but the following estimates are substantially
-5-
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"ocrText": "ADREAS NARA\nprospect of a complete stoppage. Let us not pull up the plant every year to\nexamine the roots.\nIn urging the desirability of a continuing authorization to June 30,\n1952, we do not urge an abdication of periodic review of accomplishments and\nneeds. We believe that such a periodic review is sound, whether it be incident\nto the normal appropriation process or to liquidating appropriations consequent\nupon a public debt transaction.\nAppropriation for the first 15 months - The President and Secretary\nMarshall have recommended an appropriation of $6.8 billion for the first 15\nmonths of the program, beginning on April 1.\nSome say that is too much, that this is more than was asked by the\nEuropean countries themselves, and more than was recommended by the Harriman\nCommittee. It is implied that the President wants to throw away money that\nhas not been asked for.\nLet us examine the facts.\nThe confusion arises largely because of certain differences in\nassumptions among three sets of recommendations. The recommendations of the\nEuropean countries -- the so-called CEEC report -- last summer were, of course,\nbased on July prices. The President's recommendations submitted to the\nCongress in December were based on November prices. The Harriman committee\nused alternative price assumptions. Similarly the CEEC report and the\nHarriman report relate to the calendar year 1948, while the President's\nrecommendation refers to the fifteen month period April 1, 1948 -- June 30,\n1949. There are other technical differences, such as the treatment of\nWestern German requirements.\nLet us put the three recommendations on a comparable basis; precise\ncomparability is not feasible, but the following estimates are substantially\n-5-"
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