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If the extraordinary receipts from the disposal of surplus property and renegotiation of contracts be disregarded, and if the tax reductions adopted in the Revenue Act of 1945 were fully effective, present tax rates would yield about 27 billion dollars.
The government's positive net savings the budget surplus nicely balanced the inexorable demand by households and firms for foreign goods and capital. This is why this fiscal year's looming budget deficit c. $200 billion provokes such heated debate and anxiety. Is there a growing reluctance of foreigners to lend to the US and to finance its imports and investment needs?
In case one portion of the people had raised more food than was required for their own wants a most common case, they would not surely starve by the fact of the Government buying their surplus for another portion who were starving no, but they would thank the Government very much for buying it.
Pierston's other conjecture, that the night was to be a lively political one, received confirmation as soon as he reached the hall, where a simmer of excitement was perceptible as surplus or overflow from above down the staircase a feature which he had always noticed to be present when any climax or sensation had been reached in the world of party and faction.
On the other hand, no right-minded person will ignore the desirability and the duty of judiciously providing the means for a reasonable degree of comfort and self-respect, with a surplus for the furtherance of human welfare in general, and the relief of misfortune and suffering. Thrift is a virtue; greed is a vice. Reasonable possession is a commendable and necessary object.
Thus the wealth and business of every region from which these surplus funds proceed must be to some extent injured, while that of the place where the funds are concentrated and are employed in banking are proportionably extended.
Should these measures be adopted, the loan required would not probably exceed $18,000,000 or $19,000,000, leaving in the Treasury a constant surplus of $4,000,000.
Were the river bed cast- iron, a resort to openings for surplus waters might be a necessity; but as the bottom is yielding, and the best form of outlet is a single deep channel, as realizing the least ratio of perimeter to area of cross section, there could not well be a more unphilosophical method of treatment than the multiplication of avenues of escape.
Here they left their surplus stores for a time of need. Our people were very ingenious in covering up all traces of the hidden food. A common trick was to build a fire on top of the mound. As much of the rice as could be carried conveniently was packed in par-fleches, or cases made of rawhide, and brought back with us to our village.
Even when the financial crash had come, he had begged her to go with him to Australia, where he had important family connections, and where he could build up his fortunes anew. It was by no means certain, he had told her, that he was entirely ruined. His father's estate, when all the debts were paid, might still leave a surplus.
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