Word: budgeting
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...weeks the Administration has been split on the wisdom of pressing ahead with the U. S. public works program. One group, led by Budget Director Douglas, argued thus: "Natural recovery has started. There is no sense in piling up a large and unnecessary debt for projects that aren't really needed. Inflation has so boosted costs that $3,300,000,000 will build much less than it would two months ago and hence a reduced effect from such spending. Most States & cities do not really relish the idea of going into debt for 70% of a project just...
...budget (see below); $400,000,000 from the regular payment into the Public Debt Sinking Fund. ¶ His "capital" budget, to be raised by special borrowing, will include: $3,300,000,000 for public works; $500,000,000 for direct jobless relief, $400,000,000 to start the bank deposit guarantee fund. Domestic Allotment farm relief, home and farm mortgage relief, etc. Special taxes have been segregated to service this special budget. ¶ During fiscal 1933 the Public Debt increased $3,051,000,000 to $22,539,000,000 -high point since 1922. The incease in the Public Debt...
...youths who murdered them? In Tokyo last week 13 youths, Blood Brothers of the patriotic murder sect led by strapping Priest Nissho Inouye, were brought to trial with him. At his bidding they assassinated last year ex-Finance Minister Junnosuke Inouye (who argued that the Japanese budget could not support a war) and Japan's No. 1 financier, Baron Dr. Takuma Dan (convinced to the roots of his gentle soul that the Mitsui business empire he managed could thrive best in peace). "We still believe in the righteousness of our cause!" thundered Priest Inouye last week. "Our acts were...
...called some unemployed women at an emergency relief camp.) If Drs. Funk & Wagnalls had suspected the newsdealer was playing a joke on them, they might have hurried to the Digest office and seen copies of this week's issue which sported no cover photograph but a caricature - of Budget Director Lewis W. Douglas by famed Cuban Artist Massaguer. The new format of the Digest is technically the work of its new editor, able Arthur Stimson Draper, longtime correspondent and assistant editor of the New York Herald Tribune (TIME. May 22). But the enterprise of breaking moth-eaten tradition...
...early Hoover booster, has now reverted to Democracy. Sometimes he attends Tammany powwows on Long Island. In tastes as well as in faith R. J. Cuddihy differs from his oldtime employers. Mr. Cuddihy does not frown upon conviviality. He firmly believed that beer would balance the budget...