Word: hoover
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Part of the recoverable assets were RFC loans made by the Hoover Administration. Now as they are repaid, they are being spent as income. Editor Moley: "Thus the Roosevelt budget comes to be balanced out of Hoover deficits. This is a break for the New Deal, to say the least...
...Hoover Audit...
...Franklin Roosevelt claims his Administration has increased the national debt $8,000,000,000, compared to a $3,000,000,000 increase under the Hoover Administration. If he were "intellectually honest" enough to credit the Hoover Administration with over two billion dollars of recoverable loans that it made instead of claiming credit for them himself, the score in billions would have been...
...running expenses of the Government under the Hoover Administration were about 3⅔; billions a year. The New Deal reports ordinary expenditures, exclusive of relief and recovery, of less than 4 billions a year. In order to do so it has juggled its bookkeeping. One trick is to omit from the totals such items as pay ments to trust funds, certain District of Columbia expenditures, half the annual sinking fund payment for the Soldiers' Bonus. These items are furtively listed only in the appendix of the budget report. The apparent saving from this source has been...
...third method of reducing the apparent size of the Government's ordinary expenditures is by using funds that have been appropriated for relief and recovery. One example: in 1935 the Department of Commerce reported spending only $11,000,000 or 75% less than it did under Hoover. However, $21,600,000 realized from the assets of the Shipping Board were deducted from the Department's expenditures and $11,000,000 additional of the Department's expenses were paid out of relief and recovery funds. Another example: in 1935 the cost of national defense was figured...