Texas Republicans rammed through their radical budget cut program on April 3, 2011 — ironically on the anniversary of another legislative decision made in the depths of deficit spending.
April 3 is the traditional anniversary of the Marshall Plan. From the U.S. Census Bureau:
SUNDAY, APRIL 3: MARSHALL PLAN
Profile America — Sunday, April 3rd. One of the major programs that helped to shape history after World War II was signed into law on this date in 1948. The European Recovery Program — far better known as the Marshall Plan, was suggested a year earlier by Secretary of State George Marshall. It had become clear that the economies of the nations battered by the war were not recovering on their own, and millions of people were not only jobless, but were also going hungry. The Marshall Plan lasted for four years, distributing some 130 billion in today’s dollars, and helped many nations on the road to recovery. Recently, the U.S. has given nearly $34 billion a year in economic aid and some $15.5 billion in military aid to countries around the world. Profile America is in its 14th year as a public service of the U.S. Census Bureau.
Sources: Chase’s Calendar of Events 2011, p. 204
Statistical Abstract of the United States 2011, t. 1298
Profile America is produced by the Public Information Office of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on a monthly CD or on the Internet at http://www.census.gov (look for “Multimedia Gallery” by the “Newsroom” button).
SOURCE U.S. Census Bureau
On that date in 1948, the U.S. faced the greatest deficits the nation had ever seen, leftover from World War II. Faced with the choice of deeper deficits or no Marshall Plan, Members of Congress chose to borrow the money to rebuild nations hammered by the war, including our enemies, Germany, Italy and Japan.
What would have happened had the U.S. said “we can’t afford a Marshall Plan?” Santayana’s Ghost shakes his head. The U.S. would not have had the aid of growing, free-market economics in France, Germany, Italy, England and Japan, during the Cold War. Advantages would have been conceded to the Soviet Union and communism, worldwide.
Notice the photograph includes Republicans and Democrats.
What are Texas and U.S. legislators thinking these days?