Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-22
lust One Deficit After Another


discovered that Congress had appro-
uratci for expenditure during the cur
rent fiscal year approximately $3.50
100000 more than the estimated in
come OF the government during this
period. than General Lord. director OF the
budget. brought To his attention the fact
that the executive departments were call
ing for fully $4,000 600 more money for
next year than the Treasury would receive
from all sources.
one deficit AT a time would seem to he
enough for an administration 10 struggle
with. But Mr.. Harding is confronted with
TWO AZ once. He must find some means if
possible. To keep down authorized cxpcndi-
lures for the present year and at the same
time force his subordinatcs to revise their
estimates for next year tn /. point where
the outgo will be no moro than the income.
To this end the President has moved al
ready. lie has assembled his Cabinet and
insisted that economies be practced.
whether or not they have been ordered by
Congress. which will reduce the expenses
81 government this year few millions of
dollars if not few hundreds OF millions
1t is probably realized by the President tina,
he cannot make ends meet during 1929.
Congress itself has authorized the expond-
tUre OF $6Hr.Oo0,006 more money than Will
come i'll and that probably will mean addi-
tioMal borrowing during the next few
months.
But Mr. Harding Is making valiant eli
for, 10 keep next years OUTLAWS within the
limit OF next years income II has been
figured by Treasury experts that the govern
meat WA! receive from all possible sources
next year $$.lgS, 100000 \ rough calcu-
lHtion of tn" preliminary estimates sub
United to tn" bulge, Bureau By the de-
part!nent heads shows that they want
lnI u
along with less
The President has directed General Lord
10 send III" estimates back TO the members
81 the Cabinet and 10 others involved with
the rigid order that 5000, 100000 be shaved
on and not q cen, less. Bureaucrats are
said TO be- aghasi" over this order. They
assert with great vehcmcnce that il can
aoi be done without curtai!ing or abandon
.nE outright certain essential and manda-
,ory activities q ihe government They
are filled Win d!smay As they contemplate
inc stasnation Of government which has
only little more than three billions OF dol
lars To operat" with for a wear
u me President stands pat--and he may
nave n" stamina 10 DO it, after his veto
OF The bonus bil.-'he cut Will be made
The estimates viii 20 10 Congress in De
'embei on basis OF tile estimated revenue
Congress viii hold hearings and the beroft
c'par'ments OF the government, will enter
'hcir pleas for moro money Some Of them
WI. rat What they ask ii they have enough
friends Then, after the regular uppropria-
non bills are passed The inevitable def
c'enoy measures Will be brought out toward
me end OF the session ana passed Another
"nhclt viii be faced and more borrowing
on short-icrm Treasury notes will be tie
order OF the day
At that, it is a wholesome sign 10 find
IN" administration demanding reduced ox-
h'AH!'ures in I'll" executive estimates. This
is rar" experience for :hc country In
IN" old days the administration juyari,,I,.
asked for from fourth to a third NOR.
money than was needed in The hone Of yet
'inE what might be desired after the con
ffefS'on"i economists were through brand
'shing the pruning knife