Word: budgeter
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Dates: during 1940-1949
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Unlike the ordinary citizen, the Government could not adjust its budget by moving to a cheaper neighborhood or finding a better job. But there were some alternatives...
...could cut spending, and get the unbalanced budget back into balance. This was tempting, but a cut in the really fleshy parts of the U.S. budget-the multibillion-dollar defense and foreign spending programs-might ultimately cost more than it saved...
Next morning, having read the press notices, the President with wife, daughter, and staff, took off from Washington's national airport for the warm breezes and whispering palms of Key West. There he would have to do some work-on the State of the Union message, on the budget, on finding a replacement for retiring Atomic Energy Commission Chairman David Lilienthal (see The Administration). But Harry Truman planned to spend as much of his three weeks as he could just loafing...
Defense Secretary Louis Johnson's big budget-pruning shears were clipping the U.S. Navy where it hurt-in the wings. Aiming at a cut of nearly $1 billion in the current budgets of the three armed services, Johnson had ordered the Navy to lop off $353 million as its share and let the admirals decide where to do the trimming. Last week the Navy was obediently dismantling 21% of its air arm to meet the new ceiling. Twenty-eight Navy and seven Marine combat squadrons were being withdrawn from service; operations were being reduced at six air bases...
...save Bel prosperous, free-enterprising tax $5,000,000 this year. Further reductions, hoped Liebaert, would save $30 million in 1950 and $40 million in 1951. Though Belgium has a deficit of $90 million this year, Liebaert, no advocate of the welfare state, thought he could still balance the budget, as well as drop taxes, by trimming social-security benefits, coal and railway subsidies...