Foreign Assistance Act of 1961 event
also: foreign aid legislation, foreign aid bill, Public Law 87195
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CFRorganization · 4John F. Kennedyperson · 4USAIDorganization · 1Nelson Rockefellerperson · 1William Fulbrightperson · 1Theodore Tannenwaldperson · 1Dwight D. Eisenhowerperson · 1John McCormickperson · 1Richard Nixonperson · 1
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▶ 8:29
create a long-term foreign aid legislation. And so one week later, he was in Washington, D.C. He began writing what became the Foreign Assistance Act of 1961. He was also a member of the CFR, as many of Kennedy's cabinet were. So Tannenwald…
▶ 13:48
Within a week after the luncheon, the president and his aides were talking about a grave crisis in Berlin and about the foreign aid that was necessary in order to fix it. On July 25th, when congressional debates over the foreign aid bill we…
▶ 14:18
and how dangerous it was. Immediate additional support for the foreign aid bill came from some very interesting people, where people on both sides of the aisle united. On August 27th, an AP release announced that House Leader John McCormick…
▶ 15:19
Anyone with sense had to wonder how the giving of American tax money to governments all over, and this was not just to quote unquote democracies, it was all kinds of governments all over, how that was going to benefit Americans. But they we…
▶ 15:52
And the Berlin crisis moved from the front page, never to be seen again. Thus, in 1961, as always, the foreign aid bill was a special project of our invisible government, the CFR. There was a great tax-supported propaganda machine that had …
▶ 16:23
Public Law 87195 authorized $10 billion in foreign aid. $3 billion was appropriated for the 1962 fiscal year. And $7 billion was borrowed. And there was an authorization to extend this program for five years. The law does require the presid…
▶ 16:53
but permits him to make commitments to lend this money before any appropriation is ever made by Congress. It was reported in the press that Congress had denied the president the long-term borrowing authority that he requested, but that was …
▶ 17:23
Former Vice President Richard Nixon, also a member of the CFR, was very happy about this bill. On August 29th, Nixon on ABC Radio said that he favored this long-range foreign aid planning, financed through multi-year authorizations, and the…
▶ 18:23
one world government than that bill drafted by and implemented by and supported by the CFR. That's not to say that we didn't have foreign aid before that because we know that we had the Agency for International Development long before we ev…
▶ 18:56
but authorized contributions to the UN agencies that was funding aid to Cuba. At a time when the American economy was suffering and there was a flight of U.S. industry to foreign countries, the 1961 foreign aid bill offered subsidies and in…