Representative from Maryland elevated to cabinet secretary of the interior and then commerce secretary during the Nixon and Ford administrations, Rogers Clark Ballard (C B, “Chesapeake Bay,” congressman with a strong pro-environmental record—see also) Morton speaking with the National Press Club on this day in 1975 announced that a new metric was to be used in future releases regarding the economy and federal spending, citing the inexperience and incomprehension of the average American consumer and tax-payer for such astronomical appropriations. 
The statistic of $14.06 (about $85 presently adjusted for inflation) was derived by dividing one billion by the then seventy-one million households in the United States to make government expenditures more relatable in household economic terms. Unlike the pledge for journalist covering the Department of War, this convention was never enforced and quickly forgotten.
synchronoptica
one year ago: JFK’s Sword of Damocles speech to the UN (with synchronopticรฆ), aggressive cuteness plus Those Were the Days
twelve years ago: a visit to Bad Soden
thirteen years ago: the US Library of Congress
fifteen years ago: cyber warfare
