Word: fiscales
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Dates: during 1930-1939
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...instead of some $600,000,000), he took pains to remind the Congress that this sum was only to keep WPA going as is until June 30. Let Congress appropriate that, he urged, and apply any alterations it may want to make in Relief procedure, to fiscal 1940. Said he: "The hasty adoption of legislative provisions, to be immediately effective, which radically change the present method . . . would greatly complicate the administration of the program in the coming months...
...citizens can have a field day quoting him against himself: budget time. Last week when he again sent a budget message to Congress, those many remembered utterances were more significant than usual. They served to document the fundamental changes which six years have wrought in Franklin Roosevelt's fiscal philosophy. Among them...
...late as 1937 he talked of balancing the budget. Last week in his budget message, he talked only of letting the budget balance itself: in offering a nine billion dollar budget for fiscal 1940, he calculated that if the national income (now 60 billions) rises to 70 billions the Government's revenues will reach six billions; if the national income reaches 80 billions (as in 1929), revenues will reach eight billions; if the national income reaches 90 billions, revenues will reach 10.6 billions...
Implicit in the President's fiscal philosophy of 1939 is therefore a tacit acknowledgment of an idea that political realists long have harbored: expenditures cannot be reduced for reasons both political and social; the U. S. economic system is going to support a larger and larger debt; the U. S. budget is not likely to be balanced by the New Deal or by a successor administration for a long time to come. Corollary of this (not of course believed by the President) is that the U. S. debt will never be paid off, and that until some drastic event...
...company has had as many ups & downs as an old inner tube. For the last fiscal year (ending October 31), with Son J. Penfield ("Shorty") Seiberling moving up to the presidency and septuagenarian "F. A." to the chairmanship, the company is expected to show a profit running into "six figures...