Word: outgo
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Exactly how the Treasury expects to achieve its goal is a mystery. Fiscal Assistant Secretary William T. Heffelfinger, manager of the public debt, has flatly refused to release the all-important estimates of Treasury income v. outgo. Yet it is no secret that there will be one crisis after another until March 15, when heavy corporate tax payments start pouring in. From October through February, Treasury income is at its lowest point, while expenditures continue at their high level. In fiscal 1957, for example, the U.S. Government collected $24.4 billion from October through February, but spent $29.2 billion. Realizing...
While underestimating outgo by a wide margin, Social Security actuaries have also overestimated collections. In the past fiscal year the experts predicted that collections would be $7.3 billion, payments $6.8 billion. Instead, collections were only $7 billion, while payments exceeded that. For the current year officials had estimated collections of $7.3 billion. This has already been scaled down to $7.1 billion. Next year they had hoped for $7.5 billion, but even with the increase in the total working population, it now appears that they will get only $7.2 billion...
...that the budgetmakers can see how to get the most out of the money on hand or in prospect. Modern government is a collection of fragmented divisions and departments, each sure of its own manifest destiny and naturally inclined to expand without worrying whether total income balances total outgo. It is Rowland Hughes's job to provide the kind of lid for uninhibited government that limited funds impose on a housewife or a businessman-and to hold the lid down with the best...
...revenues, higher than estimated, plus careful cost-cutting, can wipe out the $1.7 billion federal deficit and balance the budget. After discussing proposed 1957 expenses with the President at Gettysburg, Budget Director Rowland Hughes told reporters that the Government's income should match its estimated $63 billion outgo, not only in 1957 but in the current fiscal year ending June...
...this pattern of living, charge and checking accounts have become the key means of watching income and outgo. Instead of counting the cash in the envelopes, families now leaf through their check stubs at the end of the month. Says one Seattle housewife: "Practically all our expenses-and those of everyone I know-are predetermined. We have certain payments we have to make-house, car, payments for food, clothes for ourselves and our three children. It doesn't take a slide-rule budget to make those payments. Our biggest concern is where our money goes, and the checkbook record...