National Affairs: Economy Lesson

When Joseph M. Dodge, a man firmly dedicated to pinching the taxpayers' pennies, took over the Budget Bureau last winter, he resolved to curb an old Washington custom: at the approach of June 30, the end of a fiscal year, agencies with unspent appropriations on their books invariably went on buying sprees. Dodge announced that the bureau would subject June accounts to hawk-eyed scrutiny. Last week Dodge & Co. reported that, while the warnings had been "generally effective," the bureau had detected $1,100,000 worth of "excessive June buying." Instead of just issuing more warnings, Dodge gave the spenders a stern lesson in economy: "In every account where such purchasing was found, the bureau [trimmed funds for the current year] by an equal amount."

Quotes of the Day »

Get & Share
GAVIN A. SCHMIDT, a NASA climatologist whose e-mail messages were hacked by global warming skeptics, contending the stolen data proves little except that scientists are human
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
GAVIN A. SCHMIDT, a NASA climatologist whose e-mail messages were hacked by global warming skeptics, contending the stolen data proves little except that scientists are human

Stay Connected with TIME.com