Word: budgeteers
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Dates: during 1920-1929
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Charles Gates Dawes went to Santo Domingo a month ago as a Chicago banker and onetime U. S. Budget Director to devise a budgetary and accounting system for that diminutive republic. When he returned last week to Manhattan aboard the S. S. San Lorenzo he was the newly-appointed Ambassador to the Court of St. James's. Retiring Ambassador Alanson Bigelow Houghton, who also returned to the U. S. last week, predicted a "happy and successful term" for Ambassador Dawes...
...dollar doctor, a caustic budgetarian. In words scarcely those of a diplomatist, he announced loudly enough for every foreign country to hear him, that if the Dominican Republic adopted his commission's recommendations it would be the first independent nation to have a thoroughly modern and scientific budget system...
Last July when the 1930 fiscal year began, President Coolidge, on the advice of Budget Director Lord and Treasury Estimator McCoy, warned of a deficit next June of 94 million dollars. Though it was only on paper, it was used in the campaign as an argument by Republicans against a change in administration, by Democrats as a sign of bad stewardship. By October, President Coolidge foresaw an even break between receipts and expenditures. By December, when President Coolidge sent his budget to Congress, he had discovered a timorous little surplus of 37 millions peeping up at him. By March...
...pallor. If he did not lash out savagely at his enemies they might treat him with a pitying consideration which he could not endure. As Chancellor of the Exchequer in the 1924 Labor Cabinet of Prime Minister James Ramsay MacDonald, he won a sort of right to criticize the budgets of succeeding Chancellors, to sear and slash. He exercised that right last week most rashly when he rose to flay Chancellor Winston Churchill's fifth and present Budget (TIME, April 22). The Chancellor (Conservative) had abolished the tax on tea which Englishmen have paid grumblingly since the middle...
...odds the most anxiety-giving phenomenon, however, is the situation of the German budget. That the German government should have to resort to such extreme measures as it has employed during the past week or so, borrowing hundreds of millions of marks at a time from semi-public bodies, is indeed grave. Budgetary difficulties were shown by Professor Allyn Young to be the primary cause of currency instability in 1922-23. The order was budgetary difficulties, currency instability, disordered exchanges. And the German government seems to have assisted in bringing the country to a point where the same merry round...