Word: budgeted
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Dates: during 1930-1939
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Lewis W. Douglas, who resigned last summer as Director of the Budget when he and President Roosevelt were unable to agree on a program of government expenditure, has accepted the invitation to deliver the annual Godkin Lectures this spring. His topic and the dates of the series will be announced later...
...Becomes Budget Chief...
Upon his appointment as Director of the Budget in February, 1933 he became a leading figure in the new deal. Credit for the Economy Bill and the cuts in bonus payments has been attributed to him. As the succeeding months brought tremendous increases in government expenditures, however, the gulf between the beliefs of Roosevelt and his close adviser was uncovered...
...Douglas insisted on a program which would bring the budget into balance and which would ensure the financial integrity of the Treasury. Otherwise, he considered recovery impossible...
Finance. Into the lap of the U. S. the Man of the Year dumped a budget calling for a two-year expenditure of nearly $17,000,000,000, a two-year deficit of $9,000,000,000. By the end of the year the Public Debt had been increased from $23,800,000,000 to $28,300,000,000. And the Treasury actually found it easier to float new loans than it had a year earlier. But after making emergency expenditures of $4,500,000,000 the pump of industrial recovery was not yet primed and the prospect...