Chester Bowles Quotes
Let it not be said by future historians that in the second decade after World War II freedom throughout the world died of a balanced budget.
Chester Bowles, 1901-1986, U. S. Under Secretary of State (Democrat), Quoted in Eric F. Goldman, The Crucial Decade, Vintage, 1960
Sourced by: Eigen's Political and Historical Quotations
Historically, this is the occasion where the war debt from the Revolution and the War of 1812 was paid off. It was one of the few times that the nation was debt free.
Chester Bliss Bowles was an American diplomat and ambassador, Governor of Connecticut, Congressman and co-founder of a major advertising agency, Benton & Bowles, now part of Publicis Groupe. Bowles is best known for his influence on American foreign policy during Cold War years, when he argued that economic assistance to the Third World was the best means to fight communism, and even more important, to create a more peaceable world order. During World War II, he held high office in Washington as director of the Office of Price Administration, and control of setting consumer prices. Just after the war, he was the chief of the Office of Economic Stabilization, but had great difficulty controlling inflation. Moving into state politics, he served a term as governor of Connecticut (1949 to 1951). He promoted liberal programs in education and housing, but was defeated for reelection by conservative backlash.