Word: fiscality
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...about 900 a month. There are also 75,414 dependents receiving an average of $43 a month, and this number is still rising. As of Oct. 1, pensioners and dependents will receive 20% more, thanks to Congress. Estimated cost of Spanish American War pensions and dependency payments during fiscal 1948: $175 million...
President Truman, a good hand with figures, had almost all his arithmetic down cold for his mid-year budget review. To the 35 newsmen who gathered in the White House's steamy little cinema theater one day last week, he confidently rattled off how he expected the 1948 fiscal pie to be cut (see chart). By next June 30, he estimated, there would be a whopping $4.7 billion surplus...
...ended fiscal 1947 with a $700 million surplus, but it had not been foreseen in the budget. The 1930-46 period is the longest in which the U.S. ever operated in the red. The infant republic broke about even on deficits and surpluses from 1789 to 1800. Thereafter, Treasury spokesman Albert Gallatin, a strong advocate of high taxes to cut public debt, got it into the habit of trying to stay in the black. The U.S. has managed surpluses in 95 of its 158 years, but has never been entirely out of debt. Lowest point of the national debt...
...Millikin, floor manager for the bill, had proclaimed the G.O.P. position during the debate. He had called the President's action a "foolish veto" prompted by "sheer ignorance or sheer demagoguery." Other Presidents, Millikin had said, had "a decent respect for the right of Congress to control fiscal policy...
Late Approval. Just three days before June 30, the end of fiscal 1947, only the Treasury and Post Office appropriation bill had reached the President's desk. Three other appropriation bills were ready for Senate-House conferees, eight were waiting House or Senate* action. To provide pay for federal employees in fiscal 1948, Congress would have to authorize continued spending at the present rate until the legislative snarl could be untangled...