Word: outlay
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Perhaps the most serious objection to relying only on the cash budget is the way it counts social security money as income. At present, receipts exceed outlay. But as life expectancy in the U.S. increases, payments may exceed income. A failure to recognize this seems to ignore the Government's eventual obligation to pay. But the Government already uses this money for current expenses, putting Government bonds for the amount into the social security trust accounts. Since these bonds have to be paid off out of income, many economists argue that the Government is actually running social security...
...hour TV shows (Issues of the Day) to boom some of its favorite themes (civil rights, public housing). Issues was a toe-wetting 'operation that gave the C.I.O. some experience for a' once-a-month television show now in preparation and scheduled to start this fall (annual outlay: $300,000). Explained a spokesman: ''Our idea is to say, 'Folks, here's the C.I.O. in a goldfish bowl. Here's what we are and why we're that way; here's what we do and why we do it . . .' We want...
...Capitol Hill last week went Dwight Eisenhower's budget for foreign aid. Proposed outlay: about $5.8 billion, or some $1.8 billion less than Harry Truman's request for fiscal 1954. Other highlights of the 1954 Mutual Security program: ¶ Europe will still be the No. 1 beneficiary, but its proportion (more than $3 billion) of the whole MSA pie will be cut from about 75% to 55%. ¶ Asia will get about 30%, a larger share (about $1.7 billion) than ever before. This sum includes $400 million for Indo-China. representing about 40% of the cost...
...Flies. For his new job, Benson needs to stay in training. In the past generation, the Agriculture Department has provided a case history of centralization of power and bureaucratic growth-from 33,000 employees and an outlay of $251 million in 1933 to a staff of 67,000 and a budget of more than $1 billion last year. (Benson has slashed about 10% from the budget requested by the Truman Administration for the next fiscal year...
With a very small outlay, every department could do the same--individually or cooperatively. Freshmen would then be on firmer ground in choosing a course of study. And even upperclassmen, instead of relying on dining table hearsay or catalogue blurbs, would have a more adequate basis on which to choose courses outside their fields...