Word: budgets
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Dates: during 1930-1939
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...These figures include $515,000,000 for the Agricultural Adjustment Administration in 1934 and $751,000,000 for the AAA in 1935 although the President's Budget message treats these sums as ordinary, not emergency expenses. The processing taxes, specifically earmarked for AAA expenses, are lumped under total receipts...
Strategy. The President had a choice of two astute alternatives when he came to make up his budget: to balance the budget (which was possible if he denied himself "unforeseen" expenditures for fiscal 1935) or to unbalance the budget in a big way, to stagger the country with a deficit beyond all expectations. Few political quidnuncs failed to agree that he had chosen the more astute choice. Their varying reasons : 1) By telling the worst and putting the worst possible complexion on it he destroyed fears born of uncertainty, hastened the financial community's acceptance of the facts...
...President tossed the Republicans an issue he arranged to emasculate it. By telling the worst in January 1934, he has kept Republican orators from staggering the country with those disclosures in November when a new Congress will be elected. Moreover by that time he expects to have balanced the budget, to have begun reducing the national debt. Even if his plans go astray, if he fails to balance the budget in fiscal 1936, he will have the opportunity to present a balanced budget for fiscal 1937 which will be just begun when he campaigns for reelection. The worse present budgets...
...Budget In Brief The U. S. Treasury plays only with blue chips. Every unit in the following tabulation represents $1,000,000. Fiscal Years Ordinary Government Expenses Emergency Expenses Total Expenses Total Receipts Deficit or Surplus Public Debt 1916 $ 734 None $ 734 $ 782 +$ 48 $ 1,225 1919 War expenses not segregated from ordinary expenses 18,514 5,152 -13,362 25,482 1929 3,299 None...
...background to the Simon-Mussolini talks, Italy's Chamber of Deputies was treated to a stirring speech by Marquis Giacomo Medici del Vascello, rapporteur of Italy's Naval budget. Crediting Italy with a 12% reduction of her naval expenditures for the coming year, the Marquis cried: "Elsewhere the vision of peace for which the world clamors is receding. . . . During the useless [Disarmament Conference] discussions at Geneva, the three major naval powers [U. S., Britain and Japan] worked to add new vessels to their fleets. . . . Japan today invades China. Inspired by race hatred she will plan tomorrow against white...