Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 22, 2025
A portion of this sum may be considered as a commencement of accumulation of the surpluses of revenue which, after paying the installments of debt as they shall become payable, will remain without any specific object. It may partly, indeed, be applied toward completing the defense of the exposed points of our country, on such a scale as shall be adapted to our principles and circumstances.
Although the Federal credit agencies have served agriculture well, I think it may be possible to broaden and strengthen the service of these institutions. Attention is again directed to the surplus problem of agriculture by the present cotton situation. Surpluses often affect prices of various farm commodities in a disastrous manner, and the problem urgently demands a solution.
After several years of financial betterment, it was decided to devote future surpluses to remunerative objects, such as works of irrigation, railway extension, the construction of hospitals, prisons, and other public buildings, and in the improvement of the system of education.
So much prosperity was scarcely believable. "Fust the Guild school, Miss King's washing, the surpluses, and now Bud!" thought Amarilly exuberantly. "Next thing I know, I'll be on the stage." "I must go," said Colette presently. "My car is just around the corner on the next street. John, will you ride uptown with me?" He accepted the invitation with alacrity.
Whether what shall remain of this, with the future surpluses, may be usefully applied to purposes already authorized or more usefully to others requiring new authorities, or how otherwise they shall be disposed of, are questions calling for the notice of Congress, unless, indeed, they shall be superseded by a change in our public relations now awaiting the determination of others.
It must disappear if the ameliorative measures which are long overdue in Ireland are undertaken by an Irish Parliament; and previous experience has already illustrated that even without the adoption of any such new schemes surpluses would long ago have made room for deficits.
On the whole, therefore, the result of the comparison is that a Presidential government makes it much easier than the Parliamentary to maintain a great surplus of income over expenditure, but that it does not give the same facility for examining whether it be good or not good to maintain a surplus, and, therefore, that it works blindly, maintaining surpluses when they do extreme harm just as much as when they are very beneficial.
That means adequacy of supply but not glut. It means adequate reserves against the day of drought. It is shameless misrepresentation to call this a policy of scarcity. It is in truth insurance before the fact, instead of government subsidy after the fact. Any such plan for the control of excessive surpluses and the speculation they bring has two enemies.
Failure to recognize that basic fact by a timely adjustment of wartime legislation brought its inevitable result in peacetime surpluses, lower prices and lower incomes for our farmers. The dimensions of government responsibility are as broad and complex as the farm problem itself. We are here concerned not only with our essential continuing supplies of food and fiber, but also with a way of life.
Over the past year, the U.S. trade picture improved as a result of solid export gains in both manufactured and agricultural products. Agricultural exports reached a new record of over $40 billion, while manufactured exports have grown by 24 percent to a record $144 billion. In these areas the United States recorded significant surpluses of $24 billion and $19 billion respectively.
Word Of The Day
Others Looking