The Waterbury Democrat., 1936-01-06
Balanced Budget Is
 Presented Congress
toontinued from Page D

EOIn &H80 v
 estimate of the prospective deficit ot Of the probable national debt when the next fiscal year ends on June 30, 1887.
 One year ago MT. Roosevelt esti- mated the national debt would ag. gregate 934, ,23e, ,e23, ,666 on June 30 ie36, when this fiscal year ends. To. days message revised that estimate downward to 9S0,e3e, ,375,0i7 and forecast that i8 months hence, when the 1887 fiscal years ends, the na- tional debt will aggregate $3l ,36i,- 0C0,000 plus any appropriations cons gress may make this year for re- lief.
 This message covers the l2 months beginning July 1, ie36 comprising the last half of this year and the first half of next, designated as the fiscal year 1887.
 Change in New Deal
 The president revealed Q Sunda- mental change In new deal policy structure. He announced that the agricultural adjustment administra- ton, the civilian conservation corps and the major public works pro. gram of tho future had been shifted from the emergency to tho regular category of the federal establish. ynent.
 That means Mir. Roosevelt be- lieves time was proved those agen- cies to be desirable as permanent parts of government. Coincidentally the president launched the nation upon c policy of spending approxi- mateiy e5oo,0o0,000 annually on c planned public works program de- signed to re-Inake the face of sla- ture.
 Mir. Roosevelt asked congress to appropriate $4oS, ,000, 900 to Do spent for that purpose in the next fiscal year. The money will Do spent on rivers and harbors, roads, power daHan and reclamation. He an. nounced there would be no ftr- ther appropriations for public works loans and grants to cities and states
 Makes Good Report
 Mir. Roosevelt reported:
 1. Government credit b ct ita highest point.
 2. Government finances are in best conditions in seven years.
 3. Private industrial employment shows substantial increase.
 No new taxes are necessary tin. dor present new deal policies.
 The message called upon congress to continue the new deal program It promised that the nation may confidently look forward to con- tinued reduction of deficits, cons tinued increase In tax receipts un- der existing schedules and tc steadily diminishing expenditurcl for relief.
 Ills Recommendation
 Mir. Roosevelt recommended: 1. Repeal of the AAA amendment earmarking 90 per cent of customs receipts to encourage exportation and consumption of agricultural products.
 2. Amendment of the potato control act from which 1t was stated AAO akkk SOAubA0 kVV0kAaS WUD O0kOSVVssi 3. Legislation to permit appro- priations to Do transferred among projects within any single depart faent to achieve fiexibility. {. LegiSlatisn to bring every agency of government, including government t-owned or controlled cor. porationB under control of the direc- tor of the budget.
 The president complained that the AAA customs receipt amendment calculated Co divert eo0000,000 tc 4i00,000,0 GOO from the feneral treas- ury fund, had been enacted with. out consideration or debate. He Baie the practice violated sound admin. istrativo principles and established aii undesirable precedent in ear' marking revenue. so for the only use made of the money 60 diverted hos been to pay cotton farmers tht difference between the daily cototf price and 12 cents per pound.
 Potato Act Amendment
 The proposed potato act amend. imeEit would exempt Q purchaser ci bootleg potatoes from prosecution and would increase the tax exempted individual produces's quota from siv' to fifty buahels.
 Although the budget forecast tn seventh successive year of fedora deficits, Mir. Roosevelt es1phasizes that deficits steadily were diminish. Ing while federal revenue incsease' under tho New Deal.
 'Thero is no doubt" ho said, 70 tho Fundamental eoundness of thl policy Of 1883. if VIC proceed aionl tho path we have followed and witE Inc resalts attained ID 70 the pres