Word: budgeted
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Dates: during 1930-1939
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...present enormous expansion of the governmental machine, like the wartime expansion, is not a permanent thing, nor does Roosevelt intend it to be so. The budget message proves that. Many have thought he was intending to establish a planned collectivism. In the light of the President's program for the remainder of his term there is no reason to think this. To me one of the most interesting aspects of the present economic confusion and one of the most inspiring, is the fact that although much has happened which has been fatal to other forms of government. American democracy...
...with regard to the demands for more power made by Mayor LaGuardia, Mr. Lippmann said, "There is some doubt in my mind as to the constitutionality of the bill La Guardia drew up, but in principle he is perfectly justified in his demands. He must retrench and balance the budget. He can not increase taxes because of the bankers' agreement, and he can not cut salaries because of the special legislation which binds his hands. The balancing of the budget will be impossible unless he is at liberty to change the character of the administrative service. A great many...
...continued to be a familiar sight wherever Chicago deals were done. In 1931 Kuhn, Loeb & Co. called him in to help with their ailing Paramount Publix Corp. As chairman of the finance committee, he ruthlessly lopped $39,000,000 (including $6,000,000 of salaries) from Paramount's budget. Last year when he resigned that job John Hertz swore he was going back for good to his big estate in Gary, Ill., about 40 mi. northwest of Chicago. Now his entry into Lehman Brothers marks the death of John Hertz, Chicago taxi tycoon, the birth of John Hertz, Manhattan...
...only in historical retrospect. One thing, however, is certain. Roosevelt, like Lincoln, is a highly sensitive reflector of public opinion; he possesses an uncanny faculty for gauging the mood of the country, and how it will react to any given measure. The reception accorded by the public to his budget proposals is ample testimony to the truth of this. Everywhere they have met with almost unqualified approval by the people...
...interesting to note in this connection how this show of popular sentiment has quelled the roar of Congressional dissent which greeted the budget message when it first appeared. With the political foresight of glowworms, the Republicans were prepared to leap gleefully on Mr. Roosevelt and see him overwhelmed by public disapproval of his monstrous expenditures, whil they posed grandiloquently as the saviors of their country or at least of their country's credit. Mr. Snell announced that he was so shocked that he did not expect to recover for "several days." The several days have passed and Mr. Snell...