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Updated: June 2, 2025
These are some of the positive annual outlays, without including rent, interest on capital invested, and other items that belong to the debit side of the ledger. The smallest on the list given I would commend to the consideration of every New England farmer who may read these pages. It is stated under the real fact.
In most hospitable vicinity to the water, was a fine large structure, inclosed by a stockade; both rather dilapidated; as if the cost of entertaining its guests, prevented outlays for repairing the place.
The present fiscal year, however, includes $150,000,000 for the Federal Farm Board, as to which no estimate can as yet be determined for 1931. Owing to the many necessary burdens assumed by Congress in previous years which now require large outlays, it is with extreme difficulty that we shall be able to keep the expenditures for the next fiscal year within the bounds of the present year.
It seemed to me, at that time, that the route of the Ottawa Valley, Lake Nipissing, and round by the head of Lake Superior, was a great project of the future; and that to accomplish so great a work, in such a country, the policy was to utilize existing outlays of capital, filling in vacant spaces rather than duplicating what we had got.
They are content with small gains, and in an old-fashioned way study rather to moderate their outlays than to increase their profits. Naturally as they own in common they are not in haste to be rich. Those of them who have suffered from debt feel it to be both a danger and a curse. None of the communes make the acquisition of wealth a leading object of life.
Nothing like this was ever known before in any part of the world, and perhaps it is not strange that such a tremendous development did not find our methods of government fully prepared to deal with it. In the first place it obliges the city to make great outlays of money in order to get immediate results. Public works must be undertaken with a view to quickness rather than thoroughness.
There is a dearth of accurate records like those voluminous registers of outlays kept by Burgundian receivers, registers so rich in detail that they are more valuable for the historian than any chronicle.
We have two thousand talents in the treasury, and for the funeral of the dead pharaoh we need at least one thousand." "How, two thousand?" asked Ramses, with astonishment. "When I assumed power Thou didst tell me that we had twenty thousand." "We have expended eighteen." "In two months?" "Our outlays are enormous." "True, but new taxes come in every day."
With the beginning of reconversion these developments have been reversed. Residential construction and outlays for plant and equipment are on the increase; inventories, too, are being replenished. In the past 3 months private exports have been slightly in excess of imports, for the first time since 1941. Consumers' budgets show a significant change.
We failed to do that tactically in Desert Storm in the case of the SCUD missile attacks, but were fortunate that the Iraqis were equally inept at taking political advantage of this card they held and skillfully employed on the battlefield. We must also look for efficiency before we even join in battle. Defense spending has declined as a percent of federal outlays since the end of the Cold War.
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