New Britain herald., 1927-12-07
Coolidge Presents Budget Of &,25S,793,765 for Next Year
 to Congress Today
S158,441,685 NEEDED TO
 TAKE CARE OF DEFICITS
Largest Item on New Budget Is 645 Million Dollars for National De- fense, an Increase from $625, ,0OO,- OOO-Warns Against Any Action Which Might Jeopardizc Bal anced Budget.'

Washington. Dec. I R-Present- ing a budget of s4,25S,793,765 fofr the next fiscal year 10 congress to- day, President Coolidge stressed the necessity for limiting the prospec- tive tax reduction to S225, 5,000.000, as recommnded by Secretary Mel lon. In his letter of transmittal he also cautioned against any action which might jeopardize the "bal- anced budget of the government.
 The total appropriations reeom- mended by the president exceeded last years budget by s244,222, ,641, and the amount actually appropri- ated by congress for the current year by $11S,649,2l9.
 Fund for Deficit
 The president advised the house and senate, however, that q supple mental appropriation of s15S,441,- 6S5 would be needed to meet deficits incurred by various government agencies this year.
 The largest item in the new budg- ct is for national, defense, an ap- propriation of s645, 100000, as com pared with a total of s625, 900, 900 available this year, being advocated The increase Is accounted for main ly by the navy building program. army housing and continuation of the tive-year aviation program for the army and navy.
 A reduction of even s225, 5,000,000 in taxes, Mir. Coolidge emphasized, ity" and rigid government economy. He explained that the estimated sur plus for the coming fiscal yeGr Is s252,540, 900. of which s75,o0o, 900 is from non-recr Z sources.
 "The assurancei.,sr federal expen- ditures will be kept within federal receipts" the president declared, 'has bulwarked public confidence, 1t has contributed measurably to the prosperous condition of the country, pride of our people in their gov- ernment and in it's orderly and sane processes.
 Balanced Budget Needed
 ITO ieopardize our balanced budg- ct. to do anything that in the most remote degree would threaten to in- terfere with the orderly processes of wise financing, to take steps in the interest of tax reduction that would necessitate either revolution ary curtailment of federal projects and activities or compel a later up- ward revision of tax rates, or both, is unthinkable. I am convinced that the people of this country are over budget balanced and are just as overwhelmingly opposed 10 any measure of measures that would make any other results even remote ly possible"
 If the budget recommendation are followed, navy expenditures for the next year will be increased s4S,- 000.0OO. This includes provision for prosecution Of work on all projects authorized by congress with the cX- ception of three submarines and F destroyers authorized in 1916 for which Mir. Coolidge said no funds are desired now. Under this pro- gram two submarines and eight cruisers would be under construc- ton next year and two of the cruis- CTS would be practically completed in 1929. Funds also are recom- mended for nodernization Of the battleships Oklahoma and Nevada and for the lighter than-a air-shlp, al ready authorized by congress.
 Continued on Page Nine)