Word: budgeting
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...House Ways & Means Committee was speaking with the sanction of the President-elect when he declared: "I'd rather have the dentist pull my back teeth than support a sales tax, but I don't see any other alternative if we're going to balance the Budget." Chimed in Speaker Garner who as Vice President-elect is supposed to know the Roosevelt mind: "If it is necessary to have a manufacturers' tax to balance the Budget, I'd have...
Capitalized Construction. Another idea from Albany called for the Government to remove expenditures for public works from the regular budget paid out of current receipts and capitalize them separately by means of a bond issue. Of this trick Speaker Garner snapped: "Mere bookkeeping...
...abandonment of the training table in the Varsity Club is primarily the result of the decreased budget of the H. A. A. It is expected that between $1000 and $2000 a year will be saved under the new system. The change was first proposed two years ago, but was opposed by undergraduate members of the Athletic committee and postponed. The former method will be resumed if the new experiment does not justify expectations of economy, or if its effect on House solidarity is considered detrimental, according to Clark...
Last week at the final 1932 caucus of the Government's "People's Party" or Kuomintang (TIME, Dec. 26), Dr. Soong, who graduated from Harvard in 1915, presented his historic, balanced budget with this laconic, Bostonian statement: "Gentlemen, the proof of the pudding is in the eating! . . . Our credit is enhanced, our bonds are selling 20% higher than last year. . . . The striking progress thus achieved offsets all hostile propaganda that China is in chaos with a tottering Government...
...cheer up too much and start a spending orgy, Dr. Soong spoke ominously of "facing an apparent deficit for 1933 of $40,000,000." By the most extreme economy, which he called "cutting Government expenses to a skeleton," Dr. Soong hopes but does not predict that China's budget may be made to balance next year at about...