Word: outgoing
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...designed." Yet even with recent improvements, the method of computing the budget makes it hard to talk about Government finances and make sense. For example, the Administration expects a budget deficit of $3.8 billion in the current fiscal year; yet also hopes its cash income will fall short of outgo by only $500 million...
...Outgo...
...limit (TIME, Aug. 10) left the Treasury "too little headroom for safety." (Last week the national debt stood at $273 billion.) But, barring emergencies, he thought the Administration could squeak through until January without calling Congress to raise the debt limit. And he had high hopes that income and outgo would finally balance by the time fiscal 1955 begins next July...
...Civil Service Commission's retirement fund. Thus the "saving" was only a paper cutback of $500 million, much of which must be paid. The fiscal crisis could not be figured out of existence. He could solve it only by 1) slashing all Government spending, including defense, until outgo meets income, or 2) getting the ceiling lifted by a special session of Congress. Humphrey's own Treasury began enforcing an "austerity" drive of strict economy, to set other bureaus an example. But Humphrey was convinced that a special session would have to be called...
...contributions is not needed, and that larger pensions could be paid out of current Social Security receipts. The Federal Government is now taking in $3 for every $1 it pays out in benefits. It has already built up a reserve (in Treasury certificates) of $12 billion. While outgo from Social Security contributions would rise as the U.S. population gets older, the contributiosn would rise much faster under the new bill. By 1990, according to Congress' own estimates, the reserves would be more than $90 billion, while outgo in that year would be $11 billion. Although the reserve would start...