Word: outgoing
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Last January, President Roosevelt sent Congress his budget estimate for fiscal 1939. Last week, with Lending & Spending bringing the Government's daily outgo to $25,000,000, he published it again-revised. The revised version resembled the original as most movies resemble the novels from which they are adapted. Prime facts...
...budget, the forecast for receipts was $5,919,000,000, for expenditures $6,869,000,000. Result: a 1939 net deficit of $950,000,000. On the outgo side the President tentatively set down Defense at just under a billion, Relief at just over a billion, then added: "Due to world conditions over which this Nation has no control, I may find it necessary to request additional appropriations for national defense. Furthermore, the economic situation may not improve-and if it does not, I expect the approval of Congress and the public for additional appropriations if they become necessary...
...Outgo. Total expenditures for fiscal 1938 are now estimated at $7,345,000.000, an increase of $89,000,000 over the original budget figure but $656,000,000 below fiscal 1937. Most conspicuous feature of the President's outgo schedule was that, although spending for Recovery & Relief has been slashed $1,139,000,000 from the previous fiscal year, other government spending continued to mount by nearly $500,000,000. As the President pointedly observed, a good part of this could be blamed on Congress...
...income tax law changes every hour on the hour . . . might more accurately be called an outgo...
...regard it as extremely important that we should achieve a balance of actual income and outgo for the fiscal year 1938, and I appeal to you to join me in a determined effort to bring about that result...