Word: fiscales
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Dates: during 1930-1939
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...will be necessary to provide the cash which the RFC dispenses. Although everyone knew that vast RFC advances were being made, few people realized on what a grand scale big Texan Jesse Jones was playing Santa Claus to U. S. business. His biggest benefaction for fiscal 1934: new capital for banks, $1,350,000,000; carrying farm commodities, $498,000,000; state relief, $462,000,000. These "staggering" totals will not represent total losses. Although they represent for the most part loans and investments which no other Santa Claus was willing to make, the President was able to point...
...expenditures only. Other emergency expenditures were treated in fiscal 1933 as part of ordinary expenses...
Strategy. The President had a choice of two astute alternatives when he came to make up his budget: to balance the budget (which was possible if he denied himself "unforeseen" expenditures for fiscal 1935) or to unbalance the budget in a big way, to stagger the country with a deficit beyond all expectations. Few political quidnuncs failed to agree that he had chosen the more astute choice. Their varying reasons : 1) By telling the worst and putting the worst possible complexion on it he destroyed fears born of uncertainty, hastened the financial community's acceptance of the facts...
...orators from staggering the country with those disclosures in November when a new Congress will be elected. Moreover by that time he expects to have balanced the budget, to have begun reducing the national debt. Even if his plans go astray, if he fails to balance the budget in fiscal 1936, he will have the opportunity to present a balanced budget for fiscal 1937 which will be just begun when he campaigns for reelection. The worse present budgets may appear the better will be all future comparisons...
...Budget In Brief The U. S. Treasury plays only with blue chips. Every unit in the following tabulation represents $1,000,000. Fiscal Years Ordinary Government Expenses Emergency Expenses Total Expenses Total Receipts Deficit or Surplus Public Debt 1916 $ 734 None $ 734 $ 782 +$ 48 $ 1,225 1919 War expenses not segregated from ordinary expenses 18,514 5,152 -13,362 25,482 1929 3,299 None...