Word: debts
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Dates: during 1930-1939
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...role of beneficent shepherd. He was able to say that the Treasury's deficit for the year of 1,459 millions was: 1) only 371 millions larger than predicted; 2) the smallest deficit of Franklin Roosevelt's administration. He was able to show that the National Debt had risen only 740 millions* the smallest rise since 1931. He could say these things because of: 1) some real reductions in Government over-head at the start of the year; 2) the greatest Treasury receipts since 1920, from taxes levied on business done in the most prosperous portions of calendar...
...Receipts 5,294 6,242 Expenditures 8,001 7, 701 Deficit 2,707 1,459 The Public Debt table through 1938 now reads as follows...
...guess, last week, was a decline of some 750 millions.) Last week President Roosevelt ordered the Treasury to undertake a tax study for the edification of the 76th Congress. In the next twelve-month the Treasury's deficit may well reach 4,400 millions and shoot the National Debt up over 41 billions-six billions greater than the figure of $35,026,000,000 which Franklin Roosevelt anticipated 17 months ago would be the peak of U. S. debts...
...difference between the deficit, $1,459,000,000 and the increase of the public debt, $740,000,000 was due to the fact that the Treasury spent $337,000,000 of its cash on hand at the end of the previous year, and $382,000,000 of net receipts from Government trust accounts...
...Spain last week took a slight turn for the better (see above), so did financial relations between Britain and Germany. The Chancellor of the Exchequer, Sir John Simon was able to inform the House of Commons that an Anglo-German agreement had been reached providing for continuance of the debt service on Austrian loans, repudiated by the Reich after Anschluss...