Word: budgeting
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...Schneider, stood figuratively at bay. All through Depression the giant Schneider-Creusot works have been racing to fill orders, their furnaces blazing and their lathes screaming as they turned out guns and projectiles for Japan, and for such other good customers as China. With the French budget now cracking under a deficit of seven and one-half billion francs, the Chamber's ruling Left-Center politicians have resolved in recent weeks to crack down on French munitions makers for a larger share of their profits than can be extracted by ordinary taxes from such secretive, elusive and resourceful tycoons...
...opening day of Chamber session, square-shouldered, homespun Premier Edouard Daladier kept the details of his cracking-down budget plans in the background, demanded that the Chamber adopt the expedited procedure of budget debate known in France as ''extreme urgency." He then appealed for an initial vote of confidence in a speech which was in effect the answer of France to Germany's withdrawal from the Disarmament Conference (TIME...
...misnamed Radical Socialist), warmed up the Chamber until finally even his enemies on the extreme Left and Right were cheering him. He won a smash vote of confidence 470 to 120 - in effect on the issue of Adolf Hitler. After that the Chamber buckled down to debate the budget with "extreme urgency" and the life of the Daladier Cabinet was in danger every minute...
Getting out of committee the Blum-Daladier squabble was soon raging in the Chamber lobbies and finally Socialist Blum declared himself opposed to the Premier's entire theory of balancing the budget on a sound money basis by drastic economies and increased taxation...
...Inflation will come within six weeks," M. Daladier told the Chamber Finance Commission, "unless the budget is balanced!" " Inflation is preferable," retorted M. Blum in his newspaper the Populaire, "to such budgetary deflation as Daladier pro poses...