FISCAL: Eighth Budget

President Coolidge sent to Congress his sixth and last annual Budget message. Budgeting the U. S. began only two years before he became President, so he felt justified in reviewing the system's success as part of the Coolidge Era.

"Our splendid Treasury." he said, to remind people why the Budget Bureau was established, "is not a bottomless, automatically replenishing fountain of fiscal supply, and its outflow must be eternally watched and carefully and wisely directed into proper channels."

The first seven Budgets, for the years 1923 to 1929 inclusive, called for a total of $29,800,233,790 to run all branches of the...

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