Word: current
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Dates: during 1910-1919
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...looked upon as a pessimist. If he protests against heavy expenditures for displays of an emotional sort, he is fortunate if he is not considered openly unpatriotic. Even those who have been to France and have seen war stripped of its garnishings, ineffectually try to stem the tide of current opinion. Nothing but time and suffering can do it, and how intensely painful the realization is going to be! We will find that, though we are sending to France armies of the finest raw material, there are others of just as good courage that will struggle with and against them...
...Lampoon, and now in training for the aviation service in England, was received recently by friends in Boston. Lavalle wrote the letter while in actual flight 5000 feet in the air, at the same time managing the controls with his left hand. The letter is also reprinted in the current number of the Atlantic Monthly...
Last December Secretary McAdoo estimated that the expenses for the current fiscal year would be $18,775,919,000. We know now that they will not exceed $13,870,000,000. This in part, explains why we are borrowing now "only $3,000,000,000 and oversubscriptions," instead of the $10,000,000,000 which we had expected to borrow. Another factor contributing to the same result is the underestimate of the income and excess profit taxes. We supposed that each would yield about $1,200,000,000. The best present estimate is that the total of the two taxes...
...percent through taxes. This does not, of course, include loans to the Allies. Neither does it include the larger estimate of the yield of income and excess profit taxes. If these be taken into account, it is not unreasonable to suppose that half of our national expenses for the current fiscal year we shall meet out of taxation...
...doubt that it is good financing to pay for a war, or for anything else in the world, out of current revenues as nearly as possible in distinction from bonded indebtednesses. Debt is a millstone around the neck of a nation. Fortunate are the people who pay as they go. To keep as near that ideal as possible should be the desideratum of all statesmanship. Our enemies, who commonly belittle our activities, should at least know that, stupendous as has been our war preparation, we are paying an unprecedented fraction of it out of current taxation. Boston Herald