Word: borrowing
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Dates: during 1940-1940
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...total war and domestic expenses at $9,334,500,000, Sir John proposed to raise $4,319,000,000 from existing sources of revenue, to get $353,500,000 by additional taxes (including a wholesalers' sales tax whose rate will be set by the House), and to borrow the remaining $4,662,000,000. Many defense items appeared in the new budget in token form and Sir John frankly guessed when he put the "presumed cost of war" in at the round figure of ?2,000,000,000 ($7,000,000,000). As the London Financial News said afterward...
Bitterly Virginia's Clifton Woodrum strove, recalled economy pledges, shouted: "How are you going to pay the bill. Are you going to have a tax bill [the House shuddered], or are you going to raise the debt limit and borrow the money? You know as well as I know that the Congress has no idea of doing either one . . . at this session...
...opened for business in Geneseo, Ill. (pop.3,406). To it went customers who had been waiting for lockers in Emil Klinger's filled main plant. For his $10 deposit each newcomer received two keys - one to the front door and one to the locker - and the right to borrow an overcoat from the rack inside, so he won't catch cold getting his food out of his 0°-10° safe-deposit...
...season was disastrous. Cream of the auction crop went to the new galleries which Hiram Parke and Otto Bernet had started around the corner. With a big overhead, Logan and Geery staggered along on what Geery could raise and borrow - and allegedly by appropriating clients' money...
Over 25 Freshmen have expressed their willingness to lend works from their private collections; the organization has special permission to borrow from the library of the Music Department...