The National Budget System (Classic Reprint)
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Excerpt from The National Budget System
This work is an attempt to show in as brief a compass as possible what the budget system is, why it is said to be needed for the United States, and what adjustments could possibly be made short of a constitutional amendment to secure its adoption. For the specialist and the student of finance there is literature enough on the subject, but although the matter has been discussed from the platform and in the press from one end of the country to the other within recent months, there appears to be no simple and direct description of the budget system and its relation to our government suitable to be put into the hands of the layman.
Public finance is necessarily an intricate and complex subject. It is almost impossible to reduce its terms to simple language. It is therefore ordinarily shunned by the general reader although he himself is directly concerned in the taxation which supports his government. The writer has here attempted, even at the risk of the loss of scientific technique, to make this exposition readable. The work is not intended to be original or exhaustive. If it should serve further to clarify the subject in the popular mind its purpose shall have been accomplished.
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