Word: budgeteer
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Dates: during 1930-1939
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Revenues- To balance the budget on this new scale of governmental living requires a bigger income. The Government's receipts for 1936, 1937 and 1938 as estimated in the budget...
...military purposes and $105,000,000 for rivers and harbors; both formerly were included as part of the War Department's expenditures. Another item of increased cost is interest on the public debt. From about $700,000,000 before Depression this has risen in the 1938 budget to $860,000,000, an increase of 23%. Now, however, interest rates are abnormally low. Since by 1938 the public debt will have increased over 100%, the interest on the debt can be expected gradually to mount in the post-Recovery era as interest rates return to normal, adding perhaps another...
...comparative expenditures for fiscal 1936, 1937 and 1938 as shown by the budget (exclusive of the veterans' bonus and of amounts theoretically spent in retiring the debt...
...typical post-Recovery budget after interest rates again rise, would probably be about $5,500,000,000. The typical pre-Depression budget...
Social Security. Franklin Roosevelt's 1938 budget added Social Security taxes to the Government's revenues, added to its costs not only anticipated Social Security payments but also a reserve of $540.000,000 for future old age pensions...