Word: borrowable
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Dates: during 1950-1959
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...proposals seem to be schemes to replace embarrassing red ink with comforting black by rejiggering the Government's books. But there is much to be said for the Government's operating on a cash budget. It is the cash budget that determines how much the Government must borrow, and hence the cash budget is the best measure of the deflationary or inflationary effects of Government spending...
...Saint." Billy's parents went deep into debt, taking him to psychologists, psychiatrists and neurosurgeons (he had one brain operation, to no result). When they could borrow no more, their family doctor called Oreste Eslick Hood, director of Los Angeles' Institute for Child Study. Psychologist Hood said simply: "Bring the child to me." Billy's parents took him to Hood's special training school. There, for nine months, Hood lived and worked with Billy. Today, Billy is attending public school. Says his mother simply: "Mr. Hood is a saint...
...first time since the Eisenhower Administration took office, the Treasury saw a chance last week to borrow money at cheaper interest rates. The opportunity was provided by a spectacular turnabout in the Government securities market, as investors briskly bid up prices, thus lowering proportionately the interest rate the Treasury will have to pay to finance new debts. For the first time since they were issued, the Government's new 3¼% 30-year bonds soared past 102, and 2½% Victory Loan bonds went up to 93 30/32, their best price since April. The upturn in the short-term...
...about the opinion, held by some lawyers, that the Administration had a legal right, despite the debt ceiling, to borrow enough money to cover any appropriations voted by Congress? Humphrey answered: "I don't think any of that very interesting legal argument amounts to a damn, because we have got to sell bonds. If you have got some money in your pocket and I offer .you a bond, and somebody says, 'I don't know, there is a big legal argument over whether that is a good bond or not,' you just...
Tactical Diversion. In Cleveland, Henry L. Leffingwell, director of the city's animal protective league, got a telephone call from a woman who asked if she could borrow a dog, explaining: "I've got fleas. I thought one of your dogs could roam around the house a couple of days and pick them...