Word: budgeted
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Dates: during 1930-1939
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...This Budget triumph was small, however, beside the pleasure Franklin Roosevelt felt in surprising Republicans with his message on the State of the Union to Congress. Quietly he had arranged with the broadcasting systems the day and hour when his speech should be delivered. From the radio men who rushed to the Capitol for permission to install microphones...
...find the means to protect its own prerogatives." '1 recommend." Having thus belabored the nameless forces which will oppose his re-election tooth " nail this autumn, the President calmed down for a summary look at the state of the nation: "We approach a balance of the national budget. [Applause, first of the evening from Republicans] National income increases. Tax receipts, based on that income, increase without the levying of new taxes. That is why I am able to say . . . that ... it is my belief that no new taxes, over and above the present taxes, are either advisable...
Revenues. The figures of the 1937 Budget did indeed prove much. The President estimated final receipts for fiscal 1936, now half over, at $4,411,000,000, a 112% increase over fiscal 1933, a 9% increase over fiscal 1929. Receipts for fiscal 1937 he set at $5,654,000,000, more revenue than the U. S. Government ever had in any year except 1920. This huge expectation arose from the following estimates: $547,000,000 from the New Deal's social security, railway pension and Coal Act taxes; $547,000,000 from the New Deal's processing taxes...
...Civilian Conservation Corps, and Agricultural Benefit payments, but do not include strictly Work Relief items. I expect to pay for these regular activities with estimated receipts of $5,654,000,000, leaving an excess of receipts of $585,000,000. . . . The item for relief remains. Without that item the budget is in balance." Last year and the year before Franklin Roosevelt also announced that the Government's revenues were in excess of its ordinary expenses. More conservative in his bookkeeping this year and with more revenue to count on for this kind of semi-budget balancing, he counted...
...past seven years. I say this because, starting with the autumn of 1929, tax receipts began a steady and alarming decline, while at the same time Government expenditures began a steady rise; today tax receipts are continuing a steady climb which commenced in the summer of 1933, whereas budget estimates for the next fiscal year will show a decreased need for appropriations." To make budget estimates show a "decreased need for appropriations," the President simply declined, for the time being, to make an estimate of the total cost of carrying unemployed through fiscal 1937. When fiscal 1936 closes...