Word: budgets
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Dates: during 1930-1939
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Five billions is nearly 2,300 millions more than the average amount the Government collected through the roaring late 1920s, but still it came nowhere near paying the Government's bills. Even in the era of the Permanently Unbalanced Budget, the bloated poverty of fiscal 1939 was something to remember. The red-ink-stained picture drawn by Secretary Henry ("Henny-penny") Morgenthau Jr. showed...
...performance ebbed, Sir John Simon, Chancellor of the Exchequer, presented the House of Commons with the bill-not for the flight alone, but for British rearmament which had been so hearteningly dramatized. In his low and unemotional voice Sir John admitted that his estimates for the defense budget last April had been wrong. Defense would not cost $3,140,000,000. The bill would run somewhat above $3,650,000,000-a little matter of $510,000,000 more than had been calculated. Since last year's defense budget was $2,000,000,000, this represented an increase...
...Increase in the Air Force budget to $1,303,134,000 was announced to the accompaniment of plans for more mass training flights to France, rumors of flights to Poland, an increase in the Air Force of 32,000 men, bringing the total enrollment in that branch of the service...
...School of Economics, thence to graduate work at Harvard. Duly Ph.D.'d, he taught Harvard boys from 1927 to 1934 that the purpose of business is profit. In 1934, Secretary Henry Morgenthau Jr.'s then economic soothsayer (and still his privy counselor), conservative Chicago Professor Jacob (Balanced Budget) Viner, induced Currie to leave Harvard, made him his assistant. Later that year, Chairman Marriner Stoddard (Unbalanced Budget) Eccles of the Federal Reserve Board spotted Currie for his technical qualifications, made him Assistant Director of Research and Statistics and personal adviser...
...President's revolving, self-liquidating Great White Rabbit of 1939 ($3,860,000,000 loan program), nothing was heard last week except a resolution put through the Senate by anti-Roosevelt Senator Byrd of Virginia, asking the Treasury to itemize some $8,000,000,000 of extra-Budget financing already entered into by the Government. Senator Byrd's point: the 1939 rabbit is superfluous...