National Affairs: What Price Aid?

For 14 years the U.S. has been subsidizing other countries at prodigious rates by lend-lease, foreign aid, loans, etc. By best available estimates, the total from 1940 to 1954 is about $95 billion. Today most Americans agree that such expenditures are good policy, if the money is spent wisely and carefully. Such an American is Louisiana's youthful (35) Senator Russell Long. But when the Foreign Aid authorization bill reached the Senate floor last week, Democrat Long was the bill's chief opponent.

Long started his campaign two years ago against what he believed to be...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!