Word: fiscales
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Dates: during 1930-1939
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...about Government income & outgo than anyone else, arrived in Boston to speak a few hard facts. He was Director of the Budget Lewis Williams Douglas, addressing the annual conference of the New England Council (industrialists, businessmen). As a spokesman, he had come neither to praise the Administration's fiscal policies nor to bury any illusions about them...
Because of the $3,300,000,000 Public Works expenditure, the Agricultural Adjustment Administration's domestic allotment operations, the Federal Deposit Insurance Corp.'s bank liquidations, said Director Douglas, "the national debt in the fiscal year 1934 will be substantially increased."* The amount of the increase Director Douglas was unable to predict because of "certain still undefined policies of the Government." Though he did not say so, this meant that U. S. citizens would wake up July 1, 1934 to find a fourth successive Treasury deficit behind them...
...Fiscal 1935 presented a brighter picture. General Johnson had announced in Fort Worth that industry was 25% recovered. Director Douglas estimated that if industry was 10% recovered by the end of fiscal 1934, 1935 Government income would be $3,550,000,000-provided there were no further extraordinary expenditures. Ordinary expenditures would be $2,600,000,000, leaving a balance of $950,000,000 to reduce the public debt for the first time in five years...
...decrease of $324,456.65 in gross receipts as compared to the fiscal year ended June 30, 1932, and a deficit of $57,064.78 for the fiscal year ended June 30, 1933 was shown in the financial report of the H.A.A., announced yesterday by Henry L. Shattuck '01, Treasurer of Harvard College...
...Federal Reserve Board bade fair last week to bring upon itself direct government control, and will get just that before long, if it continues to withhold its support from the government bond market. It has excluded Morganthau, the President's chief fiscal officer, from its meetings, apparently with the intention of following an independent "we-know-better" policy of deposit contraction (credit deflation) to offset whatever attempts the President may make to finance the Recovery Act with government bonds. Happy the fate of these self-appointed Watchers Over the President if through obstinate resistance to the administration they bring about...