Word: outlay
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Dates: during 1930-1939
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...Outlay- First complete guess at the cost of the New Deal was Franklin Roosevelt's Budget message to Congress (TIME, Jan. 15). He estimated that the Government would spend $10,569,000,000 in fiscal 1934 of which $7,523,000,000 was for emergency expenses exclusive of subsidies to cut farm production. Last week it became apparent that the Administration had not been able to toss out dollars as fast as it had planned. With nine months of the fiscal year past, it had spent a total of $4,848,000,000-only about $4 for every...
...that an educational institution cerebrates on its belly, and good scholarship must wait upon a balanced menu. Were the authorities to focus upon the problem under their noses, the path would straightway be cleared for the furtherance of the humanities. And incidentally pruning the bully beef and mutton chop outlay would not only finance the purchase of greens but might net Lehman Hall a tidy little surplus as well. Rhodes P. Frothingham...
...only 1.8%. Yet during Depression two eastern trunk lines have spent or will shortly spend a sum sufficient to build and equip a system as big as Atlantic Coast Line R.R. New York Central's improvements on Man- hattan's West Side call for a total outlay of $175,000,000. Pennsylvania's great electrification and terminal program is costing...
...Outlay. When President Hoover planned the budget for fiscal 1934 the expected outlay for the Government came to $3,257,000,000.* President Roosevelt did two things to that figure. He lopped off $360,000,000 of veteran's pensions, and he set aside in a separate budget all emergency expenses. Last week's budget message estimated the Government's ordinary expenses (the cost of running its various departments, of paying veterans' pensions, interest on U. S. obligations, etc.) at the comparatively modest figure...
...spending made the budget "staggering." If he had chosen to view the Government's finances as tycoons viewed their companies' finances in 1929-even as President Hoover did, and he himself last summer-he might have composed the same facts into a far milder picture. Hitherto RFC outlays have never been treated as expenditures. The RFC secured cash by selling its debentures to the Treasury. The Treasury treated the transaction not as an expenditure but as an investment (which it nominally was). Thus the $2,045,000,000 passed out by the RFC in fiscal...