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Word: pay-as-you-go (lookup in dictionary) (lookup stats)
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...Passed a $2.3 billion pay-as-you-go tax plan (the President had asked for $10.5 billion...

Author: /time Magazine | Title: Inventory | 12/25/1944 | See Source »

Beardsley ("Pay-as-you-go") Ruml, visiting his doctor-father in Cedar Rapids, Iowa, had a pleasant thought (for a local reporter): the American postwar standard of living can be 50% higher than anything the U.S. has ever known-if the right conditions prevail. The "right conditions": a national income of $140 billions, based upon 55 million people working 40-hour weeks...

Author: /time Magazine | Title: People: Pairs | 6/12/1944 | See Source »

...Both Jack and Jacques are confident of victory, think Germany is the No. 1 enemy. But both have difficulty finishing the sentence: "Canada is fighting this war because . . ." Jack favors compulsory savings to put the war on a pay-as-you-go basis, but Jacques, being a voluble foe of anything remotely like compulsion, does not. Isolationist Jacques, unlike Jack, thinks Canada's armed forces should be kept at home, for defense...

Author: /time Magazine | Title: Canada at War: THE DOMINION: Jack & Jacques | 2/7/1944 | See Source »

Fiscal Policy. In Manhattan, before the Steel Founders Society of America, Beardsley (pay-as-you-go) Ruml, R. H. Macy treasurer and New York Federal Reserve Bank chairman, discussed U.S. fiscal policy. Said he: fiscal policy is the one important area of Government activity about which business-and the U.S. as a whole-can logically be "apprehensive...

Author: /time Magazine | Title: MANAGEMENT: Sense on Policy | 10/25/1943 | See Source »

Most startling revelation was that im roved tax collections under pay-as-you-go would bring in an unlooked-for $5,067 million. But Franklin Roosevelt, noting that the Government is now paying only slightly more than a third of its current expenses out of current revenue, again called for "truly stiff" taxes or savings, or both...

Author: /time Magazine | Title: FISCAL: Alltime Peak | 8/9/1943 | See Source »

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