Word: budgeteering
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Dates: during 1940-1949
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...practical end of a long and less than noble fight. Despite all the talk about economizing, the House had only pecked away at the President's own bloated budget. The Senate in turn had only pecked away at the House's appropriations; more frequently the Senate had actually increased the sums recommended by the House. A small, bipartisan bloc of economy-minded Senators had fought steadily for 5%-to-10% cuts, but just as steadily a Senate majority had overruled them. The discouraged economizers tried the only course left to them. They tried to pass the buck back...
From the Truman Democrats' side, the argument was that hardly any of the budget items really could be touched. The biggest outlay, a total of $32 billion, Harry Truman said, was for wars, past and future. The U.S., already in the red a quarter of a trillion dollars, would plunge anywhere from $3 billion to $8 billion deeper in the red by the end of this fiscal year...
...next week at the convention of the powerful British Trades Union Congress at Bridlington. Last week he ordered all government bureaus to prepare estimates for a 5% cut in expenditures; if this economy could be carried through it would lop $600 million from the nation's $12 billion budget. Board of Trade President Harold Wilson ordered a 5% slash in some retail textile and footwear prices; this might ease workers' pressure for wage increases...
What had House tempers on edge last week was the Senate's quibbling, frustrating delays over the 1950 budget...
...been years since appropriations had been in such a sorry shape. Though the House had whipped through all its major money bills by mid-April, the Senate had dawdled for months, still had $29 billion-almost three-fourths of the budget-to approve. Twice the House had extended the time limit. Last week, after venting its spleen, the House voted another extension rather than risk the alternative : payless paydays for some 2½ million federal employees...