Word: budgeting
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President Coolidge sent to Congress his sixth and last annual Budget message. Budgeting the U. S. began only two years before he became President, so he felt justified in reviewing the system's success as part of the Coolidge...
...splendid Treasury." he said, to remind people why the Budget Bureau was established, "is not a bottomless, automatically replenishing fountain of fiscal supply, and its outflow must be eternally watched and carefully and wisely directed into proper channels...
...first seven Budgets, for the years 1923 to 1929 inclusive, called for a total of $29,800,233,790 to run all branches of the Government. The Congresses appropriated $29,478,282.294, cutting the Budget Bureau's estimates by only $321,951,495, or 1.16% of the total. Of this amount, $135,468,732 was saved by the Naval Disarmament Conference, from the Budget for 1923. Since 1923, the Congresses have appropriated only $55,971,630 less than the Budget Bureau's estimates, or a margin of faultfinding and disagreement of less than .2%. President Coolidge declared himself...
Last summer, not a little political capital was made-by Republicans as a warning against change, by Democrats as evidence of bad stewardship-out of a report from the Budget Bureau that fiscal 1929 might show a deficit of 94 millions. President Coolidge now announced that the outlook was for a surplus of some 37 millions. Neither of these figures is very near the $252,540,283 surplus which was estimated for 1929 in the President's Budget message last December. Last week the President explained that the discrepancy was due rather to increased expenditures than to decreased revenues...
...millions less to be paid in interest on the public debt, the principal of which will have been reduced by another billion (leaving a total of some 18 billions) by the end of 1929. The Government's running expenses are, in general, on the increase. The Budget Bureau keeps its aggregate down by paring and balancing. Thus, the Radio Commission was allotted $200,000 less in the 1930 Budget than has already been appropriated for 1929. The Federal Reserve Board gets cut $95,000. The American Battle Monuments Commission will get $100,000 less. Arlington Memorial Bridge Commission...