The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-07-16
new DEAL COST
MINIMIzED BY
WAR CONTRAST
Much Larger Debts Caused
by War Were Being
Liquidated.

Er .eraH sell nrrnfA f'Es N1NfT aHtlnCc
WASHINGTON. July 16.-Repub-
Hcans have chosen 70 pitch the con-
arcs .0naI campaign on a note Of
dollars and cents. Their speakers
are s.res ing the high cost Of the
New Deal and the rising total Of the
public debt
Ae-ute politicians among them
arc wondering whether the man
who was hungry and has been fed,
.1o man without "A JOB who now is
working. VIII BE- greatly stirred by
talk about balancing the budget. II
sounds. they suspect, too reminiscent
of OGDEN L. Mills and others Of the
Herbert Hoover fold whose Balance
tho Budget slogan was smothered
at The polls in 1892.
lfr. Hoover was one o. the first 70
compare the fight against depres-
sion 70 war.
b Billions for War
AS r matter OF record. the United
states spent s23. 400. 100000 to equip.
tren and send young men TO Eu-
roDe 10 fight in the World war. This
iz exclusive Of war loans TO Europe,
"a total Of some Sl2O00000,0OO Of
which a little was paid and the rest
now cancelled or deiaulted.
Thus the bill reaches a total oil
s7- 000 600 600 for war the wisdom
or which IS now questioned.
Republicans protest against spend
inr fourth 81 this amount TO save
Americans from a peace-tlme dis
aSfcr in many ways worse than war.
The twO-year budget covering the
first half OF the Roosevelt admin
istration amounts TO Sl6.500 100000.
About half of this, or something
over $4,000 600 600. is for the re-
covrrv agencies. II IS too early TO
gauge the accuracy of these budget
forecasts. but they are near enough
TO serve in this discussion.
War Budget Still Huge
~Thlrty-fve billion to destroy
lives: eight billion to save them!
summarizes the administration re-
Spouse to what the New Dealers
call p.nch-penny politics.
The government now IS spending
about half OF its ordinary budget,
around s2OOOO0OOOO annually, Tor
past wars and protection against
future wars. This includes army
and navy upkeep. compensation Tor
veterans and interest on the debt
President Roosevelt, like President
Hoover. regarded the fight against
depression as a war. He thought
IN was a fight for which the nation
would be willing to pay Congress,
including Republicans, agreed with
HIM.
The President counted the cost
and decided in favor of spending
what was required to rescue the
country from depression.
Debt Passes Earlier Peak
Boldly ne told the country the
truth. He figured the two-year
BUDGET at S16.5OO 100000. which he
said would bring the pubic debt up
To s3L834O0OOOO by July 1. 1888.
The debt stood at S22.538.OOO.O 1000
a wear ago. Now II is ST 053lOO
600. Its previous peak was S25. $50
600 600. slightly under what 1t IS to-
dav. and nobody became alarmed.
From this peak on Aug. 81, 1919.
Democratic secretaries of the treas
urv and their Republican successor.
Andrew W. Mellon. Whitfield the
debt down more than nine and a
half billion dollars to S16026,000 OO0
ON Dec. 80. 1880. when the depreS-
sion loss of revenues began to shoot
~ I'D AGAIN. This was accomplished
despite Mr.. Melons bOuntleS TO the
wealthy and even to the average
citizen through successive tax re
auctions.
BY higher taxes on returning
prosperity. by continuing the econ
omv IN ordinary expenditures, the
treasury expects presently to re-
sumo pairing down the debt while at
the same time taking care OF the
UeelS OF llle ptoplC.
Sees Balance in 1886
In an ANALYSIS of the last con-
eress' appropriations. Chairman
James p. Buchanan of the house
appropriations committee forecast
that the government would live
within the SI6.500 100000 twO-year
budget despite unforeseen OUTLAWS
tor drought sufferers. and would De
able 10 balance its budget by July l,
1886.
The government spent S2,7S60OO,
600 less than had been anticipated
IN the YEAR that ended last June 30
Budget estimates Of expenditures
were 50 1871 600 600. Actual OUTLAWS
were S1IO5 600 600. This saving pro-
vides r leeway for such unpredict-
able needs as that of the drought
victims
The only hope in this depression
OF millions upon millions Of our cltl-
-rnS Tor the preservation Of thell
homes. their farms. their business
their financial recovery and even
their daily bread and butter. Is the
government of the United States,
said Mr.. Buchanan.
Our people have the courage, the
vision and the industry 10 lift them
selves from this slough Of deSpond-
cncv. but they need the helping
hand OF the federal government
Under The leadership OF our great
President they are receiving that
assistance.
Whatever measures are neceS-
sary. whatever funds are requisite
the American people are willing tC
furnish him 10 carry on this her.
cuIean task. They 90 not begrudge
The outlaws. AL that they ask IS
that the money be well and careful
ly expended
SALES GIRL ACCUSED