Word: deficits
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Dates: during 1920-1929
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...with jugglery and deceit added .- "I believe that the present budget offers us at best but a temporary reprieve by means of artful dodges. . . . I predict that, even if no unforseen events happen next year, the Chancellor [Mr. Churchill] will find himself having to face the country with a deficit. . . . Finally, the blame for this deficit will rest upon the Government because of its policy during the coal Ktrike [TIME, May 10 to Nov. 29]." Significance. Behind the Conservative Cabinet supporting Chancellor Churchill is a parliamentary majority so large that the attack of onetime Chancellor Snowden did not even...
...galleries were packed with peers; Montagu Norman, governor of the Bank of England and many another stalwart banker and businessman gave anxious heed to the chancellor's words. The Treasury, he announced, faced a deficit of $182,500,000 on last year's finances; $160,000,000 of this was due to the two strikes. The national expenditures for 1927, Chancellor Churchill estimated at $4,091,950,000; to meet them the country faces new taxes to yield an additional $175,000,000 to $200,000,000. Winebibbers, fag-puffers groaned; increased duties on imported wines, tobacco leaf...
...established the Irish constabulary and the London police.* But some say that he disappointed his ancestors. He was a Tory who could see two sides to every question. In a time of domestic crisis, he took the helm, taxed incomes, lowered the tariff, wiped out a treasury deficit, repealed the corn laws which were obnoxious to the masses. In short-"he lost a party, but won a nation." Soon he was thrown from his horse on Constitutional Hill and died in three days, mourned in manors and in slums According to his will, he was buried, not in Westminster Abbey...
...Pullman Co. last week surprised people who think every great corporation must always make money. After three months' business, its deficit was $510,445 due (unofficially) to decrease in travel, increase in number of trains, decrease in loading per car, increase in wages, and increase in cost of maintenance and repairs. Total business...
...that eventually will be resolved into completed works, purposes and policies that in time to come must be adopted and financed, if accepted in their entirety today, would throw a tax burden upon the people that would cripple business, check prosperity and convert our annual surplus into an annual deficit. What needs to be done should be done. ... If I err in my judgment I prefer to err on the side of saving rather than on the side of spending...