Word: deficitâ
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Dates: during 1929-1929
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...particular interest are the estimates on Surplus and Deficit???figures much mouthed in Congress and on the political stump. Whether the Treasury estimates are accurate or not is highly debatable. Secretary Mellon can quickly prove that Mr. McCoy's errors as a fiscal forecaster are negligible. At the Capitol, the Treasury's actuary can be and often is made out a worthless prophet. But there is no disputing this fact about Mr. McCoy: if and when his estimates err, it is on the cautious side?over for Deficit, under for Surplus. Perhaps his merry mien is due in some measure...
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