Word: budgeting
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...year can easily remember the figure $3,700,000,000.00 because that is just one million times his salary. To remember that figure became last week a patriotic duty, because that is the figure which Brig. Gen. Herbert Mayhew Lord, funny-story-telling Director of the Budget, put down as the cost of U. S. (federal) government for the fiscal year July 1, 1929-June 30, 1930. All the columns and columns of additions and subtractions which totalled 3,700 million were placed by General Lord before President Coolidge at Brule...
...budget is a really considerable increase over the 1928-29, in fact, half a billion dollars, or roughly equivalent to the sum of all the fortunes which the John D. Rockefellers Sr. & Jr., have given away. And the 1928-29 budget was already a considerable increase over the 1927-28. And, further, these increases occur, in spite of the fact that the War caused public debt has decreased, thereby reducing interest, which is the biggest single annual expense. The conclusion seen in all this by financially minded Republican Senator Reed Smoot is that the U. S. must hereafter expect...
...budget does not balance. That is, the calculable revenues were 100 million dollars less than the 3,700 million dollars of certain expenditure. But both President and General refused to be worried by what they called a "paper" deficit...
...soon as the Mellon-Berenger agreement is ratified. The difference in annual payments is only the difference between $20,000,000 and $30,000,000 (the Mellon-Berenger scale) but to have to pay out $400,000,000 in a lump would boost the French budget by 20%. Mr. Mellon replied to M. Poincaré that he could not, so near the end of his term, undertake the responsibility of waiving the $400,000,000 collection, which had come due through no fault of the U. S. but through France's failure to ratify the refunding. Mr. Mellon continued...
When Chairman Work of the Republican National Committee said that the Hoover campaign would be conducted on a budget of less than $3,000.000 (TIME, July 9), there was a general raising of eyebrows among political commentators, a general lowering of mouth-corners by local G. 0. P. bosses. Some $5,300,000 was recorded in the Harding-Coolidge campaign and more than $3,000,000 in the Coolidge-Dawes. This year, Chairman Work said, "We have candidates who will not need so large a sum." It sounded admirable, but a revised estimate was not unexpected...