Word: fiscality
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Dates: during 1940-1949
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...coming fiscal year, said the President, the debt would be down to $271 billion. (But interest on the debt would still cost about $5 billion a year...
...fiscal '47, the President proposed to spend $35,860,000,000. This was far below 1945's wartime peak of $100 billion, well below 1946's $67 billion. But it was still far above anything dreamed of in prewar years...
...estimate of expenditures, Harry Truman's budget was meticulously frank. For the first time in history, the budget contained items for expenditures ($4,254,000,000) which have not yet been authorized by Congress but will likely come up in fiscal...
...office of Fiscal Director and gathered the Navy's financial reins into his hands. More recently he established the Office of Scientific Research and Development, whose job it is to keep scientific research focused on military aims. If rust overtakes the Navy, it will be while Forrestal's back is turned...
...important question of what the Government's fiscal policy should be, the committee advocated a compensatory budget for the U.S.-i.e., a federal budget balanced over the business cycle instead of every year. With a calm assurance that will raise the hackles of conservatives, the committee said: "It is generally agreed that an annual balance of the budget is impractical...