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Quotation by William Howard Taft
Archie Butt, Taft and Roosevelt: The Intimate Letters of Archie Butt, Military Aide Doubleday, Doran & Company (1930) Archie Butt, Taft and Roosevelt: The Intimate Letters of Archie Taft, Military Aide Doubleday, Page & Company (1930) Archie Butt, Taft and Roosevelt: The Intimate Papers of Archie Butt, Military Aide Doubleday, Doran & Company (1930) "Concentrated Banking and the 'Money Trust,'" first published Literary Digest 43: pp. 121-122 (July 22, 1911) Henry F. Pringle, The Life and Times of William Howard Taft Farrar & Rinehart (1939)
The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.
William Howard Taft (1857–1930), U.S. president. Message to Congress, December 1909. Henry F. Pringle, The Life and Times of William Howard Taft, 2: 606, Farrar & Rinehart (1939).
Taft inherited a $59,000,000 deficit from Roosevelt. By July 1910 he had a surplus of $13,000,000. In March 1910 he appointed a Commission on Efficiency and Economy to carry on the work.
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