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Government proposes 22 billion for atomic war compensation
July 11 Washington Truman Administration outlines a vast standby program to compensate Americans for losses from atomic war. The plan includes regular incomes, emergency aid, and a total of 22 billion dollars in proposed appropriations, though sponsors call figures guesswork. Elmer Staats told a Senate committee that a successful attack could cause unprecedented destruction and that insurance principles do not apply. The plan aims to meet essential needs in a stricken area and spread costs across the population, as a limited standby emergency measure rather than an immediate spending program.
MENTIONED IN THIS ARTICLE
Washington
Truman Administration
Elmer B. Staats
Budget Bureau
Senate Banking Committee
Staats
Britain