Word: budgets
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Dates: during 1930-1939
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Politicians at once applauded Mr. Roosevelt's acumen at finding 1) a way to continue spending without having it show in his chronically unbalanced Budget; 2) another big shot-in-the-arm for Business, produced (or at least talked about) in time to have effect on the 1940 elections...
...climbed Capitol Hill to ask $500,000,000 outright, instead of a diverted $125,000,000, for PWA. But Franklin Roosevelt created the biggest diversion of all by asking Congress to inaugurate a $3,860,000,000, "self-liquidating" public works program on a revolving fund basis outside the Budget. This sweeping proposal threw the whole Relief issue far in the air momentarily...
...entangled in his own bumblings and the snares of Republican legislators who connived to load him with all the blame for their sorry record, adjourn with the least possible damage to their party. New York's Democrat Herbert Lehman recalled his Legislature to Albany to repair a budget which a Republican majority had unconstitutionally cut. But the unhappiest, unluckiest Governor of 1939 was California's Democrat Culbert Levy Olson...
...Hacked Governor Olson's two-year budget (including $50,000,000 to make up a left-over Republican deficit) from a record...
...idea of local competition and turf men from coast to coast were frowning on the current overexpansion of the horse-racing business (there will be over 60 supposedly Grade A tracks in the U. S. next year), California went a step further in using horse racing to balance a budget. To Governor Olson, the State Legislature last week sent a bill legalizing (and supervising) poolroom bookmaking and other away-from-the-track horse-race betting. Taxation on California's handbook betting (which is not limited to California tracks) will net the State $20,000,000 a year, its proponents...