Word: budgeting
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Dates: during 1940-1949
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When Franklin Roosevelt began looking for a Director of the Budget after the 1932 elections, Lew Douglas was a natural choice. He became a White House favorite. Said Eleanor Roosevelt at the Douglas, Ariz. airport dedication in 1933: "That name of Douglas is familiar to me. I see a man by that name having breakfast with my husband almost every...
Douglas took the Roosevelt economy pledge at its face value and set to work paring the budget 25%. He slashed Government workers' pay 15%, sliced $400 million out of veterans' appropriations. When someone once protested that the District of Columbia Commissioners would be "very shocked" by a 25% appropriations cut, Lew replied: "These are shocking times...
...defeated the Ramadier regime: a grossly inflated economy that has scaled prices fifty percent above normal with only a twenty-five percent wage increase and a suicidal factionalism among France's myriad political parties. To replace the vacuum that characterized Ramadier's ten months in power, Schuman proposes stringent budget supervision, a wholesale stabilization of national currency, and an all-out war against Communist-inspired strikes. His purely economic solutions can be effected through prudent government alone, but when M. Schuman intends to crush the present widespread strikes, he must deal with unions that are controlled by a Communist party...
Although its premature disclosure was a sensation, Hugh Dalton's budget itself was as quiet as a Treasury mouse. Besides the liquor taxes (see above), it sought Government revenues from football pools and dog racing (but not from horse racing). The profits tax was doubled...
Dalton's successor, Sir Stafford ("The Brain") Cripps, now at the pinnacle of his power, has more rigorous ideas than Dalton on the fiscal policy of a Socialist Government (TIME, Nov. 10). The first Cripps budget, to be presented in April, may contain more drastic provisions...