THE PRESIDENCY: The Cost of Security

In the new State Department building's softly lighted auditorium, which he had pre-empted for the occasion, Harry Truman presented his 1952 budget to the press. Mrs. Truman and Margaret, whom he had invited because they wanted to see where all the money went, sat in a back row thumbing a 265-page summary of the 1,089-page full-size edition. The ladies listened attentively to the President, occasionally peered at the documents.

So did the newsmen. In the two costliest years of World War II (1944 and 1945) the U.S. had spent $168.2 billion for men and armaments. The President...

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!