On the record
While we should avoid as far as possible increases in permanent current expenditures, oftentimes a capital outlay like internal improvements will result in actual constructive saving.
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gutenberg.orgCalvin Coolidge: “While we should avoid as far as possible increases in permanent current expenditures, oftentimes a capital outlay like…”
Editor's note · Context
Coolidge suggests that while avoiding permanent expenditure increases, strategic investments can lead to future savings.
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