Word: foresaw
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Dates: during 1930-1939
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Most heroic gesture of the week was made in regard to taxes. Always one jump ahead of his opponents, President Roosevelt foresaw months ago that Republicans would campaign against him for his heavy deficits. In his January budget message he made his defense, drew an encouraging picture of a 1937 deficit of only half a billion dollars, smallest of the Depression. That picture was possible because he postponed estimating the amounts needed for Relief, took no notice of the Bonus Bill that Congress was about to pass, and did not anticipate the unconstitutionally of AAA processing taxes...
Lawyers, pondering the decision, foresaw that this enthusiasm might assume too much. Only the Wilson Dam had been declared legal. Some other dam might be found otherwise. The Court did not pass on the right of the Government to retail electricity, only to take the necessary steps to get rid of a byproduct. Nor did the Court pass on the right of the Government to distribute its power for social purposes in a wider area than would constitute a "reasonable market." However, TVA men had a right to rejoice: They had been freed of a major legal threat, could accomplish...
Relief. It is no easy matter to spend billions and billions of dollars month after month at top speed. President Roosevelt has regularly overestimated his Administration's capacity in this respect. Of $10,569,000,000 which he foresaw the U. S. spending in fiscal 1934, only $6,745,000,000 was actually disposed of. Year by year afterward he overestimated the New Deal's spendings in only less conservative fashion. But with an election only ten months off this kind of conservatism no longer appeals to him. Said he last week: "The finances of the Government...
...Deal but the U. S. Treasury was the sufferer. Lawyers foresaw that the revenue from processing taxes, shrunken to a rivulet since legal battles began, would now dry up completely, stay dry until and unless processing taxes are found legal...
...this year, certainly the leading homerun hitter in both leagues and the ablest Jew in baseball. A New Yorker who learned to bat with a broomstick in side-street one-o'-cat games, he was offered a job with the Yankees in 1930, shrewdly refused it because he foresaw small chance of replacing First Baseman Lou Gehrig. He quit New York University at the end of his first semester to join the Tigers at their training camp, played on Detroit's minor league "farms" for three seasons, rejoined the Tigers two years ago. So far this year...