The U.S. Budget in Brief

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U.S. Government Printing Office, 1954 - Budget

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Page 4 - ... almost twice the amount spent in 1950, the last fiscal year before the outbreak of the Korean conflict. The 1954 Budget, like all Budgets since World War II, is dominated by the costs of safeguarding our security and paying for past wars. About 73...
Page 32 - Federal agency, such as the statutes pertaining to counterfeiting, postal violations, customs violations, and internal revenue matters. The FBI has jurisdiction over violations of espionage, sabotage, treason, and other matters pertaining to the internal security of the United States.
Page 6 - ... of these prospects, President Truman, while avoiding specific tax policy recommendations, nevertheless urged that — * • * It would not be wise to plan for a large budget deficit during a period when business activity, civilian employment, and national income are reaching unprecedented heights. The course of prudence and wisdom would be to continue to strive for a balanced budget and a pay-as-we-go policy In our rearmament program.
Page 26 - ... educators, and by supporting vocational education and the land-grant colleges through grants-in-aid to the States. It also supports Howard University and educational institutions for the blind and deaf, and provides for the education of Indians. The Government provides library and museum services through the Library of Congress, the Smithsonian Institution, the National Gallery of Art, and the Botanic Gardens, and carries on general research through the National Bureau of Standards, the Bureau...
Page 1 - Budget and fiscal policies are tools of national policy. As such, they are subjects of controversy and evolution. I believe that the policies I have supported are sound, and that the recommendations in this Budget will enable us to meet our national needs in the fiscal year 1954 in the light of the Nation-wide and world-wide objectives of the United States. HARRY S. TRUMAN.
Page 10 - Navy of o'ver 400 active combatant ships and 16 large carrier air groups; and a Marine Corps of 3 divisions and 3 air wings.
Page 22 - ... item of grants to States and talk about that. Then we will take up the Mexican labor program. GRANTS TO STATES FOR UNEMPLOYMENT INSURANCE AND EMPLOYMENT SERVICE PROGRAM ADMINISTRATION Mr. GOODWIN. Mr. Chairman and members of the subcommittee, we are requesting $13,600,000 in supplemental funds for grants to the States for administration of the emplo.yment service and unemployment insurance program. The funds are needed primarily to meet the additional costs of unemployment insurance claims loads...
Page 24 - Federal expenditures for civil defense in 1954 will complete the air raid warning system in the 191 cities which are likely to be principal targets in the event of an enemy attack on the United States.
Page 42 - Total 1, 500, 000, 000 500,000,000 2.000,000,000 intragovernmental transactions. Thus, it shows the total flow of money between the Federal Government and the public. Now, I think that the most interesting thing I can say to you, without going into a complete analysis of the CED budget, is that if we calculated receipts on the same assumptions as those used by the CED and we took the expenditures actually presented in the President's budget, instead of a deficit...
Page 42 - In order to derive the total of receipts from and payments to the public, it is necessary to consolidate Budget and trust fund transactions. Transactions between Government agencies and trust funds, such as...

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