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Updated: June 3, 2025
For the four fiscal years from July 1, 1946, to June 30, 1950, we had a net surplus of 4.3 billion dollars. Using this surplus, and the Treasury's excess cash reserves, the debt was reduced substantially, reaching a low point of 251 billion dollars in June, 1949, and ending up at 257 billion dollars on June 30, 1950.
He hung over the guards continually, observing all that was to be observed, and recorded the same under separate headings, such as "currents," "velocity," "flood-rises," with statistics without end showing that the carrying-trade of the great water highway would amount in 1950 to something so colossal that there is no room for it here, while a future for the cities that stud its banks was predicted that would satisfy their most ambitious citizens.
As we move into the decade of the seventies, we have the greatest opportunity for progress at home of any people in world history. Our gross national product will increase by $500 billion in the next 10 years. This increase alone is greater than the entire growth of the American economy from 1790 to 1950. The critical question is not whether we will grow, but how we will use that growth.
Since the press had some questions about the motives behind releasing the Grudge Report, it received very little publicity while the writers put out feelers. Consequently in early 1950 you didn't read much about flying saucers. Evidently certain people in the Air Force thought this lull in publicity meant that the UFO's had finally died because Project Grudge was junked.
On the back cover was Rama's past-life resume advertisement, in which he claimed: "1531-1575, Zen Master, Japan; 1602-1771, Head of Zen Order, Japan; 1725-1804, Master of Monastery, Tibet; 1834-1905, Jnana Yoga Master, India; 1912-1945, Tibetan Lama and Head of Monastic Order, Tibet; 1950- , Self Realized Spiritual Teacher and Director of Spiritual Communities, United States."
The build-up of heavy industry enabled China to conduct an aggressive policy towards the countries surrounding her, but industrialization had to be paid for, and, as in other countries, it was basically agriculture that had to create the necessary capital. Therefore, in June 1950 a land-reform law was promulgated.
On the night of May 29, 1950, the crew of an American Airlines DC-6 had just taken off from Washington National Airport, and they were about seven miles west of Mount Vernon when the copilot suddenly looked out and yelled, "Watch it watch it." The pilot and the engineer looked out to see a bluish-white light closing in on them from dead ahead.
That policy must be continued realistically with present day conditions in mind. I recommend that the number of persons admitted to this country annually be based not on the 1920 census but on the latest, the 1950 census.
On April 27, 1950, a guided missile had been fired, and as it roared up into the stratosphere and fell back to earth, the camera crews had recorded its flight. All the crews had started to unload their cameras when one of them spotted an object streaking across the sky.
Increased assistance to Korea for this purpose conforms fully to our global policies. In June 1950, following the aggressive attack on the Republic of Korea, the United States Seventh Fleet was instructed both to prevent attack upon Formosa and also to insure that Formosa should not be used as a base of operations against the Chinese Communist mainland.
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