Word: budgeting
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Mussolini took power in a revolution, but his inaugural was orderly and his ministry has been industrious. He has declared hostility to all extreme socialists and repudiated all Soviets. He has pledged himself to balance the budget and appears at his office regularly at 8 o'clock. In his rather defiant speech to the Chamber of Deputies he declared the Black Shirts to be a force "tending toward development, progress, and equilibrium...
...election, the President, addressing the majority leader in the House of Representatives, gave an informal report, an account of stewardship, of the work of Congress in the past few years. He mentioned the reduction of annual public expenditures of over three billions in two years--a result of a budget system created by Congressional enactment. The reduction in military expenditures was referred to; and the flexibility and adaptability of the tariff to changing conditions, through provision for administrative adjustment. The Bonus Bill, and certain widely-attacked schedules of the Tariff Act, are not mentioned. Times are becoming normal; our Reconstruction...
...near enough to the margin of its income to necessitate ordinary business methods of finance. As a result, the system which has long been found as a matter of course in the smallest private businesses has been adopted by the government, the largest business of all. That is the budget system...
...equally natural that officials of an executive department should resist any check on their money-spending privileges, any order forcing them to show their accounts to a comptroller or to submit to his investigation of their demands for appropriations. Hence it is understandable that the first comptroller of the budget needed to be a fighting man with no tender feelings on the subject. President Harding evidently bore this in mind when he appointed "Hell and Maria" Dawes...
Equally emphatic is the National Budget Committee's stand: "The first and prime duty is to refrain at all hazards from going forward with each and every proposal that means the expenditure of money." That there is ground for such statements cannot be disputed. Careful estimates place the probable government deficit for the present fiscal year at six hundred and ninety-seven million dollars...