Word: budgeting
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...President's plan not only steered clear of the Budget but also of the Treasury's credit. It would be financed by the sale of R. F. C. debentures which are only indirect obligations of the Government. Senator Robinson took it back to the Capitol where his party colleagues closeted themselves in an effort to draft a legislative compromise. Most Democrats objected to the idea of R. F. C. loans to private industries rather than to public agencies on the ground that the Administration could use this financial power to muster election votes. Republican Senators, generally cold...
...public support for his plan the President issued another statement about "balancing the Budget," "unity of action, and "frozen confidence." Said he: I have no taste for any such emergency powers. [But] the battle to set our economic machine in motion takes new forms and requires new tactics. We used such emergency powers to win the War; we can use them to fight the Depression...
...wait for printed copies. Two days later Senator Smoot presented his committee's report (again apologizing for the delay in supplying members with printed copies). Two days after that he formally opened debate with a painstaking, unexciting speech about his billion-dollar tax bill, supposed to balance the Budget and preserve Public Credit...
Senator Borah plunged into the tax debate as follows: "Balancing the budget has been made a slogan. But we delude ourselves if we think we're going to balance the budget by simply passing this tax bill. We must take up the question of stabilizing prices. The gold dollar is no longer an honest dollar. How many suicides must we register, how many insane must we put into asylums, how many farms must go under the hammer before we do something to stabilize our currency...
Voters who believed the platform promises of Eamon de Valera to reduce taxation could barely believe their eyes when they read the Budget Bill presented to the Dail in Dublin last week by embarrassed Finance Minister Sean MacEntee...