Word: budgeting
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...unbalanced budget usually begins to stir President Hoover into alarmed action about half way through each session of Congress. Last week astute United Pressmen at the White House thought they saw the customary signs, forecast one more special message to Congress in which the President would urge an evening up of income and outgo without making specific recommendations on how this was to be accomplished. The Associated Press accepted a routine denial by the White House Secretariat that any such message was contemplated...
...passage of a beer bill and repeal of the 18th Amendment. Mr. Roosevelt could not give his conferees much help on the Domestic Allotment bill before Congress because, he smilingly explained, he had not read that farm relief measure and so did not know what was in it. Budget-balancing supplied most of the meat for the conference...
There are some who feel that it would be a wise step to force the H.A.A. to balance its budget on this year's program, to make the stringent economies which such a policy would necessitate. Such retrenchments, they feel, would tend to reduce the overemphasis on athletics, and moreover the importance of the coach. A man's independence they claim, is not improved by constant supervision. And with this consideration in mind, they argue that the H.A.A. should not be allowed to extend its budget through another year, an action which would render much easier the balancing...
...attract men and hold their interest, must be under the direction of able, trained coaches. Certainly that policy has been adhered to by Harvard for many years, and its success argues forcibly for continuation. To effect such drastic economies as an immediate balancing of the budget probably necessitates, would, bring about two results fatal to that success. It would destroy the fine body of coaches that the H.A.A. has gathered together during the last few years; it would, in that destruction, remove what is perhaps one of the greatest incentives for participation in group athletics--the desire for the improvement...
...this danger is imminent, the balancing of the budget should certainly be deferred another year, to allow the burden to be at least slightly lessened. But there is something more fundamental which has evoked the whole problem. In common with nearly all colleges of its own type, Harvard's athletic program is financed almost entirely by football ticket sales. The policy has been accepted for years, yet in times of depression, its essential weaknesses are strongly revealed. It leads to excessive ballyhoo, in the attempt to raise revenue; it has put all the stress on gate receipts, the most uncertain...