Word: budgeting
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When President Hoover sent his budget message to Congress last December, he made everybody at the Capitol feel snugly comfortable with the declaration: "Our finances are in sound condition." He envisaged a surplus of 225 millions for this fiscal year (ending June 30, 1930) and 122 millions for that of 1931 (ending June 30, 1931). Two months later, when Congress was in full swing considering new legislation for new expenditures, President Hoover grew alarmed, warned Congress and the country to slow down on spending (TIME, March 10). Last month when March income tax payments showed a shrinkage, the President again...
Factual discoveries about the A. A. P. A. included the following: It claims 150,000 members, of whom about 5,000 are voluntary contributors to the Wet cause. Seven wealthy men, including three du Fonts, supply about 60% of the organization's budget. Last year A. A. P. A. spent $473-213; this year it hopes to raise $1,000,000 for the Congressional campaign. Its prime purpose is to elect Wet candidates to office. In 1928 it supported 19 nominees for the House, excluding sitting members. Two of its candidates were elected. It promotes such Wet rallies...
...French Chamber of Deputies the yearly budget debate drags on for dreary weeks, has none of that snap and surprise which makes the British Budget a sort ot Olympic Game always played to packed galleries in the House of Commons (TIME, April...
Worn to a frazzle-as were likewise half the orators in France-Finance Minister Paul Reynaud put through last week by the tremendous majority of 405 to 191 a budget balancing at 50 billion francs...
...Chancellor soon plowed ahead, amid Laborite cheers. The nation's fiscal year had ended with a deficit of £14,522,000, he said sourly, in contrast to the £4,096,000 surplus estimated by Mr. Churchill. He proposed to make up this deficit and balance the budget for the year at £781,909,000?nearly £40,000,000 more than the balancing figure last year. "I will now."said Mr. Snowden pouring himself half a tumblerful of water,? "I will now give the House a moment to recover from the shock of those figures...