Word: budgeteers
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Dates: during 1940-1949
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...biggest news, quite naturally, was made by the man who is supposed to guide the U.S. fiscal policy, Secretary of the Treasury John Wesley Snyder. Said he: "The general economic welfare of the country should be the guiding principle in determining . . . whether the federal budget should be balanced." What he meant was that the U.S. should run a deficit in depression times and pay it off in good times-in other words, balance the budget over a period of years. But if this was the policy, why was the U.S. running a deficit now? John Snyder's answer...
Harvard could also, with a minimum of effort, guarantee athletes the same rent rating for four years. This would not mean free rooms; it would mean that a man could eliminate this one variable from his college budget and know just how much money would be needed beyond what he could earn in an outside...
...Resolved . . . Californians, who last November voted the nation's costliest old-ae pensions, last week reconsidered their budget-busting generosity. By a 400,000 majority, they slapped down demagogic George McLain's Citizens' Committee for Old Age Pensions (TIME, Sept. 5) despite support of the plan by politically ambitious Jimmy Roosevelt. The new law will leave pensions at the increased level (average: $70.63 a month) which McLain pushed through a year ago, but will shave $65 million off the $200 million annual cost by boosting the retirement age from 63 back to 65. It will also make...
Krug got in rows with other federal officials over reclamation projects, got the President's back up by going to Congress for more money over the head of the Budget Bureau. He was also found wanting when political accounts were added up after the 1948 election campaign...
...Budgets & Books. Over the years, the self-perpetuating board of trustees of the University of Chicago has grown accustomed to wincing every time Robert Hutchins opens his mouth (he once suggested that all universities be burned down every 25 years lest they get into a rut). But he is a crack administrator who has seen $86 million raised for his university, and who seems as much at ease with Chicago's great budget (almost $39 million) as with its great books...