Budget

“ The government budget is the financial structure within which the government conducts its business. It is the window through which the people should clearly see what the government intends to do, how it will operate and what its impact on the people and the economy will be in the coming fiscal year. ”

“ We can get them done, but only in the context of a realistic, responsible, balanced budget, one that maintains our fiscal discipline and makes the most of this great moment of prosperity. Now, that's a budget that makes sense, one that works for working Americans. ”

“ My budget blueprint will restrain spending, yet meet growing needs with a reasonable 4 percent growth rate, which is a little more than inflation. After paying the bills, my plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire. That would be a good worry to have.
Finally, along with funding our priorities and paying down debt, my plan returns about one out of every four dollars of the surplus to the American taxpayers, who created the surplus in the first place. ”

“ It is well known, that the great minister who presides over our finances, took occasion, at opening the Budget in April last, to enter into a particular account of the state of the nation. In this account, he represented us as in a condition the most sound and happy; our trade and revenue flourishing; our common people well provided for; our debts and taxes light; our current specie sufficiently ample; our paper-circulation safe; and the Bank, in particular, as little less firm and durable than the world. ”

“ As you know, I have spent the last week in intense discussion with congressional leaders over how to balance the budget in 7 years. It's important to balance the budget to lift the burden of debt from future generations.
In the last 3 years, we've cut our deficit in half, and we need to finish the job. But we have to balance the budget in a way that reflects our most fundamental values: increasing opportunity; asking everyone to assume responsibility; strengthening our families and the economy ”

“ Last Wednesday night I went on television to explain to you the budget decisions we must make. Our greatest challenge is bringing down deficit spending and doing it in a way which will keep our economy vigorous and expanding. ”

“ I want to balance the budget because if it's done right, it will help us to restore the American dream and to keep America the strongest nation in the world. It will help to improve our economy, create jobs, raise incomes, and take debt off our children. ”

“ We submitted our budget to Congress, a budget designed to do just what we pledged during the election: tackle the deficits by cutting spending where it's wasteful, where it is not urgent, and where it subsidizes some people at everyone else's expense. ”

“ Every Government frames its own expenditure for each year; every Government has to make its own provision to meet that expenditure. There is a Budget every year, and memorable as the Budget of my right hon. friend may be, far-reaching as is the policy depending upon it, the Finance Bill, after all, is in its character only an annual affair. But the rejection of the Budget by the House of Lords would not be an annual affair. ”

“ In every respect—in the definite economy, in the reduction in the expenditure on armaments, in the increase in the proportion of direct taxation, in the immense diminution of public burdens, in the enormous simplification of the death duties and the introduction of a logical system of graduation, in the ample provision for the needs of Local Government—it was a democratic Budget. ”

“ Are our government revenues increasing at a rate which gives hope that within a reasonably short period we shall be able to finance all our ordinary expenditures with current revenues and thereby balance our budget? ”

“ The budget should, among other things, show budgeted revenues, expenses, profits
or loss, capital expenditure, cash flows, borrowings, grants, transfers, contingent liabilities
including guarantees, and balance sheet. Any amendments to the budget shall also be
submitted to the Minister for Finance for review and approval. The Minister of Finance shall
respect the operational independence of public corporations. ”

“ This is a long list, but I wanted to make a point: my budget is active and compassionate. Discretionary spending grows by a healthy, responsible 4 percent, enough to meet our needs. We fund goals like education, health and defense. We reduce debt at a record rate. ”

“ The spirit that will uphold the mind and heart during the instalment of such plans is the desire to know with scientific accuracy what the annual budget of the house is and likewise what the budget for the farm business is, and what each contributes toward the success of the other. That each institution will be more efficiently run under such a system, and that the elastic interplay of the two will move more harmoniously, with less friction, and with a larger output of happiness for all, admits of no possible doubt. ”

“ A government draws the breath of life from its finances, and it must balance its income and expenditures as any other going business concern if it expects to survive. It is my duty, then, to see that the Government of the Commonwealth live within its means and that it stands foursquare on a well balanced budget. ”

“ Then, a budget, instead of ever diminishing, must necessarily and continually increase. It is astonishing that the economists, with all their learning, have failed to perceive a fact so simple and so evident. ”

“ The Whig Budget of 1841, though falling short of the requirements of justice in the matter of a great necessity of life, and of the immediate wants of a people reduced to great depth of distress, was a bold approach to the principles of a liberal commercial policy, the benefits of which had been elicited by the Import Duties Committee. ”

“ As the Authority stated in formulating its test, " 'budget' means a statement of the financial position of a body for a definite period of time based on detailed estimates of planned or expected expenditures during the period and proposals for financing them." ”

“ This budget will help ease pressures in our credit and capital markets. It will enhance the confidence of people all over the world in the strength of our economy and our currency and in our individual and collective ability to be fiscally responsible. ”

“ Budget.—Side by side with the budget of each state of the Dual Monarchy, there is a common budget, which comprises the expenditure necessary for the common affairs, namely for the conduct of foreign affairs, for the army, and for the ministry of finance. ”

“ My budget focuses on the pressing needs of our country and on the basic needs of our citizens. I am committed to building a strong economy that spreads its benefits to everyone. This goal reaches beyond politics or party, and I'm confident that Congress will join me in the work ahead. ”

“ The savings in my budget are critical in helping us to keep our economy growing and creating jobs. Now members of Congress need to come together and send me a budget that funds our priorities, ensures that taxes stay low, and keeps us on track to cut the deficit in half by 2009. ”

“ The great advantage of the new budget system is that it enables Congress to make a comprehensive plan of expenditure for the year and thus to hold the expenses within the estimated revenues.
Is it necessary for governments to borrow? Public Debts: Why Governments Borrow Money.—Nearly all nations, states, counties, cities, and even villages have debts. Why do they find it necessary to borrow money? Why should they not, like wise individuals, adopt a pay-as-you-go policy? ”

“ We have heard much about a balanced budget, and it is interesting to note that many of those who have pleaded for a balanced budget as the sole need now come to me to plead for additional government expenditures at the expense of unbalancing the budget. ”

“ Applying the Board's percentages of increase for the respective items to this distribution of the budget, the average increase is 52 per cent. The distribution of budget items just given is an average based on cost of living studies made by several United States Government bureaus and other agencies, covering in all 12,000 families. ”

“ The merit of our new segregated and classified budget is that it calls for the work needing to be done, as well as the cost of not having the work done, and that it shifts attention from the personality that requests the budget allowance. A circumscribed program means circumscribed budget. ”

“ It says to Congress, you have to pay as you go. You can’t spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is how a responsible government manages a budget, as well. ”

“ Over the long term, a balanced budget is a sure index to thrifty management--in a home, in a business or in the Federal Government. When achievement of a balanced budget is for long put off in a business or home, bankruptcy is the result. ”

“ Congress appropriates every cent in the budget and every single cent that makes up our deficit. Every year we consult with the people in the Cabinet and the agencies, the people who actually run these programs. We ask them what they need and then put together a responsible budget. Each year, Congress announces-sometimes before they even see it-that our budget is dead on arrival. Then they put together their own budget. ”

“ The principle of comprehensiveness requires that the budget cover all government agencies and
institutions undertaking government operations, so that the budget presents a consolidated and
complete view of these operations and is voted on, as a whole, by the body vested with national
legislative authority.
The principle of unity requires that all government resources be directed to a common pool to be
allocated and used for public expenditure according to the priorities of the government. ”

“ ITEM OF NEW DIRECT SPENDING.— The term ``item of new direct spending ́ ́ means any specific provision of law that is estimated to result in an increase in budget authority or outlays for direct spending relative to the most recent levels calculated pursuant to section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985. ”

“ Our own budget may be more readily followed through all the vicissitudes of committee scrutiny, and all the varied fortunes of committee action, after one has traced some other budget through the simpler processes of some other system of government. ”

“ The object of thrift in spending is both to get the greatest value for our money now and to insure savings that will provide for the future. Every budget should make as definite provision for savings as for rent or clothing. The purpose of a budget and of accounts is to assure a surplus rather than a deficit. Successful men and women make it a practice always to spend less than they earn, no matter how little they earn, and they cannot be sure of this without planning ahead and keeping accounts. ”

“ A new budget report, released this past week, shows that despite the economic slowdown that began in the third quarter of last year, the federal budget is strong, healthy and in balance. In fact, the 2002 budget surplus will be the second biggest surplus in American history. ”

“ The concrete conditions for making out the budget, as is stated in the explanatory note, have already made it possible to enter upon the road of accounting for the entire production and distribution of the nation, and that thereby the foundation has been laid down for the development of the budget in the only direction which is proper under the present conditions. ”

“ Local circumstances alter the conditions materially in every place, and hitherto there has been a lack of uniformity in presenting financial statements which makes any attempt to produce a model budget to be suspect. ”

“ Large functions in connection with public finance, likewise, are vested in the body. By it the annual budget is prepared, the accounts which the Empire carries with the states are audited, and important supervisory relations with the Imperial Bank, the Imperial Debt Commission, and other fiscal agencies, are maintained. ”

“ If there is a real budget it has got to be your budget. It will be good, bad or indifferent finally just in proportion to your interest in it and your expression of that interest at the polls and elsewhere. If there is a good budget system—not on paper, but in actual practice—you've got to make it. ”

“ First, we must keep our Nation prosperous. We seek full employment opportunity for every American citizen. I will present a budget designed to move the economy forward. More money will be left in the hands of the consumer by a substantial cut in excise taxes. We will continue along the path toward a balanced budget in a balanced economy. ”

“ I shall soon submit to Congress the proposed national budget for fiscal year 1993.
Through the budget, we shall pump-prime the economy; stimulate growth by focusing public investments on programs with the highest productive and economic returns; and provide social services and productivity programs that will empower the majority among us who are now without the means to lead decent and useful lives, particularly the farming, fishing and labor sectors. ”