Word: budgeting
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Federal Finance. "The first requirement of confidence is financial stability of the United States Government. During the [last] fiscal year we incurred a deficit of about $903,000,000. During this fiscal year we have an indicated deficit of $2,123,000.000. The budget for the fiscal year beginning July 1 indicates a deficit of $1,417,000,000. . . . We must have determined reduction in Government expenses. We must face a temporary increase in taxes. We must partially finance the deficit by borrowing. The amount of taxation should be fixed so as to balance the budget for 1933 except...
Last week President Hoover sent to Congress the budget for 1933. It made bad fiscal reading. For last year, this year and next year the President set forth the following figures (in millions of dollars...
...chairman of the Finance Committee. "Everyone knows we must raise more money." Senator Watson, Republican leader, was almost tearful when he announced: "Much as I am personally sorry for it, it seems that some form of tax legislation will be necessary." Senator Fess, G. O. P. chairman,* declared: "The budget must be balanced even if we are compelled to take drastic measures such as was done in England." Only die-hard dissenter among important Republicans was ultra-conservative Congressman Hawley, chairman of the last House Ways & Means Committee. Moaned he: "I'm up in the air about taxes...
...establishing puppet Chinese governments at Mukden and Kirin. Last week they established Chinese Puppet Chang Chin-hui at Tsitsihar. To demonstrate the independence of these Chinese regimes General Honjo called attention to the fact that the Chinese Government of Southern Manchuria at Mukden had just adopted a budget of their own diligent devising. When correspondents asked the puppet Chinese for a copy of this budget they were told, "Come back tomorrow and you can have it. It has not yet been translated out of Japanese...
Until the budget is made up no plans will be forthcoming for cooperation with the Cambridge Unemployment Relief Committee or any other such body. A lump sum of $500 has been turned over to that committee by the Student Council at M. I. T. but final distribution of the money available for the Harvard Council in contingent upon action to be taken by President Lowell in regard to the Stadium collections...