Word: budgeting
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Dates: during 1940-1949
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President Truman's budget message has virtually blocked the draft until July, 1950, National Army Headquarters told the CRIMSON last night...
...final or fourth-quarter figures on the national income, bank deposits, department store sales,etc., which would not be released until after the year's end, Business & Finance had to go directly to the sources (the Federal Reserve Board, the Bureau of the Budget, the Departments of Commerce, Agriculture, Treasury in Washington, etc.). Figures for the last few months were very important this year because of diminishing department store sales and price cuts, which indicated a change in the economy. Otherwise very little querying was necessary beyond a check-up on Detroit's auto industry and the layoffs...
...Eddie Jacobson speech with the front-parlor boys in the State Department, or the political handymen in his "Kitchen Cabinet." And no key Administration official was talking of a letup in the four-way squeeze on Russia: the airlift, the Marshall Plan, the upcoming $15 billion new arms budget, the proposed North Atlantic security pact. The best "educated guess" that his advisers could make was that Harry Truman, all on his own, was just trying a little propaganda campaign to start a little mutual distrust in the Politburo...
...extent that certain industries did this, it was their own fault that Congressmen raised an outcry for an excess-profits tax even though the U.S. may end the current fiscal year with a budget surplus. Warned Wyoming's New Dealing Senator Joe O'Mahoney: "My theory is that any industry earning excess profits from full employment or Government spending should pay more taxes...
President Truman's budget message today will bring more news. Truman is expected to ask $13 billion for national defense of which about $5 billion will go to the Army. Defense headquarters has announced that it can support only 677,000 officers and men on this budget...