Word: budgeting
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...Budget System?"Our main problems are domestic problems. . . . Orderly retrenchment is bringing our expenses within our means. The origin of this has been the determination of the American people, the main support has been the courage of those in authority and the effective method has been the budget system. . . . This system is a law of the Congress. It represents your will. It must be maintained and ought to be strengthened by the example of your observance...
...little if anything. The committee will have no power to recall that which has already left Germany. It can only suggest ways of bottling in what movable capital still remains within the country. The work of the other committee is to consider the means of balancing Germany's budget and of stabilizing her currency. Unfortunately this fact touches the outskirts of the problem. The German nation, to all intents and purposes, is in a state of bankruptcy. The proposed plan of receivership can accomplish little as long as the Ruhr, the great factory center of the whole nation, is sewed...
...Secretary of War submitted his annual report on the affairs of the Army. It was at once a report and a warning to Congress not to take another slice off the War Department's proposed allowance for next year?an allowance already pared by the Budget Bureau...
...total cost of Army, Navy and Marine Corps is only 14% of our total budget; the actual expenditures of the Army only...
Meanwhile France became nervous about the Entente and suggested (through the Reparations Commission) the formation of two committees of experts from representatives of the Allied Powers, with a place on each for the U. S. The first committee would concern itself with finding the means to balance the German budget and stabilize the currency. The second would evaluate German wealth held abroad and would report on the means of getting it back to Germany. No mention was made of Germany's capacity to pay reparations, and the question of the legality of the Ruhr occupation was not raised...