Word: outgoing
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...expires June 30. At current rates of spending, the debt will fall between $281 and $285 billion by the end of the year. President Eisenhower will probably ask Congress to boost the limit by the end of this month. But this time, he will merely set forth anticipated income, outgo and deficit, leave it up to Congress to work out its own ceiling...
Continuing to dominate the budget are expenditures for major national-security programs (defense, military aid, atomic energy, etc.). Estimated at $40.5 billion for 1956, cold-war spending would account for 65% of all the Government's outgo. The biggest part of that outlay ($34 billion) would go for defense, and would be spent to fit Dwight Eisenhower's concept of an efficient military force in a nuclear age: more air power, more fire power, less manpower. Said Old Soldier Eisenhower: "Never in our peacetime history have we been as well prepared to defend ourselves...
Treasury Secretary George Humphrey's critics like to think that his idea of heaven is an enormous mass of carefully audited ledgers, in each of which income exactly balances outgo. As far as a balanced federal budget is concerned, Humphrey is still far from heaven. Last week, with Budget Director Rowland Hughes, he held one of his rare press conferences, to explain new budget estimates for fiscal 1955, and spent most of his time parrying pointed questions from reporters...
...black for the first time since the Korean war as the books closed this week for fiscal 1954. The cash budget consists of daily expenditures and the money actually taken in (including social-security payments). The administrative budget, which is the Government's planned income and outgo, is still $3.2 billion in the red. This deficit is expected to drop to $2.9 billion next year and the cash budget is again expected to balance...
This is possible only because the U.S. actually has not one budget but two. The official budget is the "administrative budget,'' which records all planned income and outgo by the Government for the year. But there is another budget, the "consolidated cash budget." It shows the actual flow of cash in and out of the U.S. Treasury. This cash budget differs from the administrative budget in two ways: 1) it takes no account of the money that the Government transfers from one pocket to another (e.g., the $1 billion in interest paid annually on bonds held...