Word: outlay
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...June 30) last week, and the red ink splattered over a record peacetime deficit of $12.6 billion. Principal reason for the big red year: the now departed recession, which cut tax revenues by $6.2 billion, raised spending by $1.5 billion, for such antirecession programs as higher housing outlays and pump-priming public work projects. Other spending pressures: a $900 million post-Sputnik boost in defense, $1.4 billion turned over to the International Monetary Fund as of July 1 (but charged against the dying fiscal year), a $2.2 billion overbudget outlay for buying the bumper crops produced by the obsolete farm...
Hopefully the Journal will continue on to further issues; and it would be worthy emulation if other Houses initiated similar projects. Giving recognition to good student papers is as productive an outlay of Ford money as are port and sherry at tutorial dinners. Recognition of solid "fledgling scholarship" has benefits for both contributors and readers. The experiment should be repeated both by Adams and other Houses...
Since the International Monetary Fund outlay will represent $1.4 billion in appropriations whether it is charged to 1959 or 1960, the issue might seem an empty quibble. But it is empty only if the idea of a balanced budget is itself meaningless. The President holds that a 1960 budget balance would be a highly valuable symbol of fiscal soundness, one that could shape the whole U.S. economy. If Congress shifts the IMF appropriation to 1960, it will wreck any hope of a 1960 budget balance-and will destroy the symbol...
...addition, Laslett termed English universities "woefully behind in the problem of expansion" and called for the outlay of $20 million for the construction of new colleges at Cambridge. He added that this expansion had already started with the construction of Churchill College and a college for women...
However, the Commerce Committee bill comes much closer to the administration plan than does a Senate-passed measure calling for a $465 million federal outlay. Eisenhower last year vetoed a bill somewhat like the current Senate version...