Word: budgeting
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When Congress is about to sit and Washington fills up with legislators full of ideas on how to spend the Government's money, it is customary for the President to announce that there is not very much money on hand, that the Budget will show a greatly reduced surplus, perhaps even a deficit. Then, after all the appropriation bills are passed and Congress has adjourned in March, a smart Secretary of the Treasury discovers that the books will balance after all, that the Administration has been economical and wise...
...budget being too precariously balanced to meet this extra charge, the MacDonald Government tried to pigeonhole the bill, was suddenly knifed in the back by radical Laborite James Maxton (sworn foe of his Chief) who moved for im mediate action, hoping that the House would vote the pensions against Government protest, thus unseating the Cabinet. Dopesters declared that Scot MacDonald was saved from being ousted as Prime Minister solely by the striking of the hour agreed for adjournment...
...detected no diplomatic wiles. This was apparent when the present recommendations were compared with the 20-year program proposed by the Board in 1927. The first five years of that program involved an expenditure of $725,000,000 (almost as much as this one's entire 15-year budget), and a total expenditure of $2,900,000.000. It proposed building 25 cruisers, nine destroyer-leaders, 32 submarines, five aircraft carriers. Congress whittled it down to the terms of the 15-cruiser bill...
...move would have been madness earlier in the week. But today was today. By a vote of 323 to 236 the Reichstag rejected Communist and Fascist motions censuring the Government. Next by a vote of 325 to 237 Herr Brüning was given a free hand with his budget-balancing program which involves a new $125,000,000 foreign loan (TIME, Oct. 13). Then came a setback. Amid extremist whoops the Reichstag voted 395 to 147 an amnesty to all political prisoners who have not actually attacked a member of the Government...
...member of the Royal Commission now examining this phase of the budget proved unsympathetic. "If what you say is so, Sir," he shot back, "may I ask if you could not resume your residence at Hampstead?" Scot MacDonald replied unruffled: "The pressure of affairs of state compels the Prime Minister to live at No. 10.* I am up at 6:30 and rarely go to bed before 10. At 9 in the morning I work with the secretaries' boxes [impressive red morocco affairs: the British statesman's equivalent for a briefcase] and despatches. Then there are all sorts...