THE CONGRESS: Jangled Nerves

The whole fast-changing now-you-spend-it, now-you-don't situation was too much for the jangled nerves of Arkansas' J. William Fulbright, chairman of the Senate Foreign Relations Committee. "We are not bankrupt," said he to the Senate, "but we do look as if we are determined to end up the richest, fattest, most smug and complacent people who ever failed to meet the test of survival."

Fulbright was vexed at the President, because White House influence had helped kill off Fulbright's cherished plan for a five-year Foreign Aid Development Loan Fund, financed by back-door borrowing from the U.S. Treasury (TIME, July 13). Ike was...

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!