Evening star., 1936-10-10
By the Associated Press.

!, TOO, am BOlIS W IdiA hUoat ~ IA
billions.
First, let me make my position
absolutely clear. If I am elected.
the budget is going to be balanced.
It is going to be balanced, not by
depriving the needy of relief, not by
refusing necessary aid to our
farmers, not by swapping the
country with taxes.
The budget Is going to be bal
anced by cutting out waste and
extravaganza; by putting an end to
the use of public funds for political
purposes; by restoring hard-work-
ing, painstaking, common-sense
administration.
This question of balancing the
budget Is OF vital Importance to
every man, woman and child in
this country.
Roosevelt Speeches
Of 1882 Quoted.
1t is true because upon the
financial stability OF the United
States Government depends the
stability of trade and employ
ment, and the entire banking,
saving and insurance system of the
country"
These words are not mine. They
we're spoken by Candidate Roose-
velt at Pittsburgh, four years ago.
1t Is true because IF the Nation.
like a spendthrift, throws discre-
ton to the winds, is willing to make
no sacrifice at all in spending, ex-
tends its taxing to the limit of the
peoples power to pay and continues
to pile up deficits, it is on the road
to bankruptcy
These words are not mine. They
were also spoken by Candidate
Roosevelt at Pittsburgh, four years
ago.
It is true because taxes are
paid in the sweat of every man
who labors, because they are a
burden on production II
excessive, they are reflected in
idle factories, tax-sold farms and
in hordes of the hungry tramping
the streets and seeking jobs in
vain"
And those prophetic words are
not mine. They were spoken by
Candidate Roosevelt at Pittsburgh,
four years ago.
Those are three reasons why
"I regard reduction in Federal
spending as one of the most i'm
portant issues of this campaign"
Even those words are not mine.
They were spoken by Candidate
Roosevelt at Pittsburgh, four years
ago.
Mounting Debt
Is Shown by the Record.
Now let us turn to the record.
Let us see if Federal spending
was reduced, if taxes were lowered,
If deficits were stopped. Every
one knows the answer, but it can
not be emphasized too much.
Four years ago the Federal Gov
ernment spent just over s5,0o0,-
100000. Last year it spent just
under $4,000, ,0o0, 900.
Four years ago the gross Federal
debt was s21, 100000. Today it is
$34,0OO,0o0.
Those are the facts. Instead
of a decrease, we have had an
enormous increase all along the
line-an increase in spending, an
increase In taxes, an increase In
debt-a1l Of which, as every house,
wife knows only too well, have
increased the cost of living.
That is only a summary of what
has happened to the financial
pledges of Candidate Roosevelt.
Now consider what has happened
to the financial pledges Of Presi-
dent Roosevelt.
IA New Bills
Increase Tax Burden.
Time after time we have been
assured by the President and his
spokesmen that no more taxes
would be imposed. But under this
administration IA bills increasing
the tax burden have been jammed
through Congress.
And as for his assurances that
the budget would be balanced
well, these political hush darlings
have become annual fixtures. The
first one was shortly after he took
office in 1888. The next was in
January, 1884. The next in jan
uary, 1885. The next in January,
1886. And the last at Pittsburgh
two weeks ago. And this last.
as usual, was accompanied by the
promise that no more taxes would
be necessary.
In other words, as usual, the
President expressed the hope that
some time, some how, revenues
will overtake expenditures. The
way expenditures are running to-
day, Jesse Owens himself could
not OVertake tnem.
That is the record. Instead of
balanced budget, we have a confess
sion of incompetence-a confess
sion by those in charge of our
Government that they have set
loose a flood of spending that they
are unable to stop.
Foreigners Theory
On Spending Adopted.
Let us examine this policy Of
spending. Let US look at the
theory used to justify it, the
amounts involved. and the threat
to the country If it is continued.
The simple and amazing theory
behind this spending was sold to
the administration by a British
economist. He said that If only
the United States Government
would spend $400.000,000 a month,
it would prime the pump and all
would be well
OF course, as foreigner, he
found ardent followers in this ad-
ministration, although he had
none in his own government. His
formula was eagerly adopted, with
one important change. The ad-
ministration concluded that II
$400, 100000 month for useful
projects would be good medicine,
$500, 900, 900 Q month thrown
around at random would be even