Evening star., 1932-10-20
PROMISES RELIEF
AID IF It IS NEEDED
Democratic Nominee Scores
Administrations Handling
of Budget.
b the Associated Press.

B. the Associated Press.
PITTSBURGH. october 2o.-The text
of Co... Roosevelt's speech last night
at Forbes Field follows:
It is fitting that I should choose
Pittsburgh 20 sound solemn note OF
warming a addressed not only t. the Re
publican leaders, but also to the rank
and file of American voters of all
parties There are some prices too
high for the country to pay for the
propaganda spread abroad in presi-
dcntial election.
Thct is true when, as now. the Re-
publican campaign management is
guilt OF spreading the gospel OF fear
That Is true w.,en in Cooperate
futile. lcst-minute effort to Gam the
tide Cf peculiar 6isapproval that is
steadilv gr-W.ng cg'inst TIE cCministra- :
ton, they beco1e elarrriets ard panic
breeders.
PCl:cy Held Sciis:,.
This pclicy Of seekirg to win By fea-
of ruin Is selfish in its motive. brutal
in its method and false in its premise
1t is a policy that will be resented as
such by men and women of all parties
in every section of the lana on No.
venber 8.
1t is an insult to the intelligence of
the voter to think that he or she can
be fooled by shifting the boast Of the
full dinner pail made in 1928 to the
threat of the continued empty dinner
pail in 1882.
I assure the badly advised and fear
stricken leaders of the Republican party
that Democrats and those of the rank
ana file Of their own party. who are
properly Gisaati-f1ed with their leader
ship are still American patriots and
Cherish in their hearts. as I DO. the
safety of the country, the welfare of
its people and the continuance of GU.
institutions.
Calling Names Useless.
So much for the note of warning.
What is the normal and sensible
thing to do when your neighbor gets
excited and starts calling you and your
frien6s bad names over the back fence?
Nothing is gained by calling him worse
names or BY losing ones temper. The
peace of the community is be5t served
by sitting down and quietly discu:s sing
the problems without rei-ing cne's
voice. That is why I decline to answer
yituperation by vituperaticn.
One Of these problemz--and very
vital one to my family and your family
and the whole community. is the
financial problem OF making both ends
meet
want to discuss this problem with
you tonight fully. To CO SO sincerely
must tell the facts as they are and
conceal nothing from you. It is not
a pretty picture. but if we know it and
face it we have nothing to fear This
country is the richest and most re-
sourceful Nation in the world. Il can
and will meet successfully every problem
which it faces, but it can do so only
through intelligent leadership. working
unselfshly for the good of all people.
That it has not had such leadership
in its fnanciel affairs will become
obvious from the facts I shall relate
to you tonight.
We all know that our own family
cretit depends in large part On the
stability of tire credit of the United
States. And here at least is one field
in which all business, big business and
the individuals business, is at the
mercy of our big Government down in
Washington.
Nov, it IS undoubtedly true that the
mind of the average individual, man or
woman, has been unable to keep pace
in the past 10 or y years with the in
tricacies of Federal financing. In the
first place, what used to be analogous
to an old-fashioned account book that
all the family could understand has be-
come in Washington maze cI intricate
double entry bookkeeping which only a
few highly trained technical expert ac-
countants could possibly understand.
What I should like to do Is i TeSuce
In so far as possible the problem Of
our national finances to the terms of a
family budget.
Must Stay in Income.
Now, the credit of the family de-
pend5 chiefly on whether that family
is living within its income. And this is
SO Of the Nation. If the Nation is liv-
ing within its income, its credit is good
If in some crisis it lives beyond It's
income for year or two, it can usually
borrow temporarily on reasonable terms
But it. like a Spendthrift, it throws dis
cretion to the winds, is willing to make
no sacrifice at all in spending, extends
its taxing to the limit of the peoples
power to pay and continues to pile up
deficits, it Is On the road to bank
ruptcy.
For over two years our Federal Gov
eminent has experienced unprecedented
deficits, in spite of increased taxes. We
must not forget that there are three
x
taxing agencies in the United States
national, State and local. Because the
apparent national income seemed tC
have spiraled upward from about IS
billions year in 1918 to about 80 bill
lions in 1928, all three of our govern
mental units became reckless ard the
total spending in all three classes rose
in the same period from abcut 3 bill
lions to nearly 13 billions. or from 312
per cent OF income to 14l2 per cent OF
income.
But even then we did not greatly
worry. We thought we were getting
rich.
Merry While It Lasted.
Come easy. go easy" was the rule
1t was all very merry while it lasted
but when the crash came VIC were
shocked to find that while income
dropped away like snow in the Spring
governmental expense did not, VITA
the result that it is estimated that in
1892 our ma ational income will not much
exceed As billions. while Cur total cost
of Government will likely be consider
ably in excess of IS billions. This
simply means that one-third. 1913 pei
cent. of the entire .ncouc of orc peo-
pie must go for the luxury Of being
governed.
That Is an Impossible economic con-
dition. Quite apart from every mans
own tax assessment, that burden is g
brake on any return to normal bushes:
activity. Taxes are paid in the swc2t
of every man who labors. because thcJ
are burden On production and can b.
paid only by production. If excessive
they are reflected in idle factories, tax.
sold farms, and hence in hordes of the
hungry tramping the streets and seek.
ing jobs in vain. Our workers may
never see tax bill, but they pay il
deductions from wages, in increased
cost of what they buy or (as now II
broad cessation of employment. Ther'
is not an unemployed man, there is no
a struggling. farmer whoce interest II
this subject is not direct and vital.
Let me make it perfectly clear, how
ever that if men or women or chill