Word: budgeting
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Under "Business & Finance" in your issue of Feb. 20, you state "In France the problem is to keep the trains on the track as well as to keep them from wrecking the French budget...
...preponderant effect of the Roosevelt program to date has been drastically deflationary. Four billion dollars was tied up in closed banks. Public savings curtailed private spendings. Even the psychological advantage of a balanced budget failed to offset this downward trend. Last week, however, the President's larger program became more clear. The budget was to be balanced so that the Government could borrow fresh billions and thereby prime the pump of U. S. business! Credit inflation on a colossal scale loomed ahead. Only if it failed to produce results would the White House lend an ear to the moonlit...
...College Library and other divisions of the University libraries for the year 1933 to 1934 it was announced by University authorities last night. This refusal to return to the regular schedule of last year which was curtailed last Fall was explained by the statement that the next year's budget has undergone a still more drastic reduction making it impossible to return to the plan which enabled the Library to remain open until 10 o'clock...
...will probably cut about $800,000,000 from the budget this year," said Lewis W. Douglas, director of the Budget, to a CRIMSON reporter during the vacation. "Under the economy bill we are accomplishing the savings through three main channels: veteran expenditures, federal salaries, and reorganization of governmental departments...
Explained President Roosevelt of this long step towards balancing the Budget: "I do not want any veteran to feel that he and his comrades are being singled out to make sacrifices. . . . The regulations issued are but an integral part of our economy program. . . . I ask [veterans] to appreciate that not only does their welfare but also the welfare of every American citizen depend upon the maintenance of the credit of their Government and that every citizen in every walk of life is being called upon to share in this." ¶ Three days prior President Roosevelt issued orders clipping 15% from...