Word: deficits
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Dates: during 1930-1939
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...Mayor Samuel Davis Wilson of Philadelphia, an off-&-on Republican, issued invitations to Republican Governor-elect James of Pennsylvania and other interested parties to come and discuss the third city's financial plight. Mayor Wilson revealed that his deficit now tunes up to some $40,000,000. Happier news for Mayor Wilson last week was the quashing, by Common Pleas Judge Harry S. McDevitt, of 21 indictments charging him with misbehavior in office...
...experiment has been more valuable to Teachers College than New College," said he, but T. C. cannot afford to ante up $35,000 for its anticipated annual deficit...
Voters passed judgment with respect to sit-down strikes, court-packing, politics-in-relief. They implied their impatience with the delay of Recovery, with executive experimentation, with continued deficit financing. Chastised most emphatically by the general defeat of zealous New Dealers was the end-justifies-the-means attitude expressed by Harry Hopkins when he said, in an excited private argument with friends at the Empire City race track in October: "We will spend and spend, tax and tax, elect and elect...
...gives a cross section of public reasoning on the inflation question, which is dominated by Al Smith's "I am for gold dollars as against baloney dollars!" Possibly Professor Rogers' most valuable discussion is that which deals with the national budget. Here he expounds the theory that a budget deficit is necessary and quite normal during a depression. Increased government spending to maintain consumer purchasing power should be carried on in a time of business contraction. Don't worry about balancing the budget until better times come, he advises, and then make the repayments to investors in government bonds. Rogers...
...deficit...