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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 08, 1927
Page
8
In a statement on expenditures the administration stresses balanced federal spending to promote prosperity and supports continued development of the lighted airway. The plan includes provisions for air investigation work and funds for next fiscal year estimates.
President urges continued budget balance and swift tax reductions arguing voters favor fiscal restraint. Navy and Army spending rise with new programs including submarines cruisers and air services while surplus funds rely on receipts and restrained outlays.
Budget message urges curtailment of federal aid to states amid reform plans across agencies. Proposes reductions in Prohibition enforcement, shifting funds to border patrol and other agencies, plus adjustments for postal, veterans, agriculture, interior, and dam irrigation programs.
The text argues the budget system stabilizes finances via scientific management, enabling tax reductions since 1926. It cites Acts of 1921 1924 and 1926 lowering federal taxes by billions, reducing national debt interest, and easing war burdens while claiming improved national defense and services. It emphasizes orderly procedures and future confidence in continued success.
The document outlines a 1928 budget showing an estimated surplus of about 200.7 million dollars, with receipts projected at roughly 83.8 billion and expenditures near 35.7 billion. It notes a more favorable outlook for finances, estimating receipts at about 40.7 billion and expenditures at 9.62 billion, yielding a surplus around 9.45 billion. It mentions total appropriations of 3.5057 billion excluding postal service and references supplemental estates for 1928 and a second deficiency bill for 1997 that failed enactment, causing adjustments in estimates.
The plan includes provisions for a pure buildings program at an expenditure rate of 2,000,000 a year with 8,600,000 allotted for overhauling the Pacific Jocks and 230,000 for hydraulic work on a flag across the Chagras River at Halhuela Panama. The project is estimated to cost about 1,000,000 and take five years, and the budget shows savings in interest and a continuing economy policy.
Summary of federal tax reduction figures highlighting surpluses and nonrecurring sources. Notes a current and continuing surplus applied to the public debt and potential annual interest savings. Discusses how much can be borrowed without harming essential government activities and references the 1927 extraneous surplus.
The budget sent to Congress by President Coolidge outlines principal items for the coming year. It covers public debt reduction, postal service costs, and civil and foreign service retirement funds. Projections show retirement fund needs of 18.95 million and 217 thousand for the foreign service, with long term funding to meet obligations, and notes that payroll increases would affect discharge timelines.
The article describes federal pay trends and statutory references, noting average salaries and proposed budget actions for defense and civil service. It details projected changes in average pay, differences from past years, and anticipated allocations for personnel, housing, and armaments within the upcoming fiscal year.
A historical report notes rapid expansion of commercial air routes driven by policy favoring private enterprise. It highlights federal involvement, early operations, and ongoing simulations, with agencies like Post Service and Forest Service operating aircraft. The document frames mobility as central to private aviation growth and outlines government appropriations and forthcoming air routes.
In St Moritz the snow bound resort town hosts royalty and winter revelers. Canada Dry ginger ale is celebrated for its real Jamaica ginger flavor which refreshes and invigorates on cold days enjoyed by winter visitors and locals alike.
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