Word: fiscality
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Dates: during 1940-1949
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...budget for the current fiscal year (ending June 30) was only $35.1 billion, but expenditures actually will top $42 billion...
Canada looked in the mirror last week and liked the ruddy cheeks it saw. In Ottawa, Finance Minister Douglas Abbott announced that the fiscal year would certainly end (March 31) with the budget in balance. There was a $200,000,000 Government surplus at the end of eight months, instead of the $200,000,000 deficit expected. Better still, there might be cuts in taxes, although they probably would not be large...
Appropriations had to be reduced. That was the first item on the Republican agenda. Taxes also had to be cut. These problems were interwoven. But G.O.P. fiscal experts did not talk so confidently as they once had of whacking off appropriations and slashing taxes 20%; closer study of the problems had made them more cautious. Nevertheless, they would attack with vigor...
...backing Franklin Roosevelt's unsuccessful 1938 "purge" of Maryland Senator Millard Tydings. Judge Goldsborough is tall, kindly, vigorous, the father of four. As a politician, he is a New Deal follower who represented Maryland's Eastern Shore in Congress for 18 years (1921-39), specializing in fiscal problems. As a jurist, Judge Goldsborough is impatient of red tape and somewhat hasty. Once he called a defendant a son-of-a-bitch in court-an outburst that caused the U.S. Court of Appeals to reverse the case on the grounds of intemperate language...
...concluding his statement, Claflin pointed out that the current fiscal year will undoubtedly prove as abnormal as 1945-46, with an equal chance of running a deficit. Expenses for such items as Counsellor for Veterans, Infirmary, and even Nursery School will be swollen in the ensuing months, he warned, remarking that the University despite its great resources, remains dependent on gifts every year to carry through its normal program and at the same time plan and expand for the future...