Evening star., 1939-11-23
1ydings Joins Move
Against Raising
Public Debt Limit
Adams and King Offer
Ways to Deter Boosting
$45.o00, 100000 Ceiling
BY ]. A, O'LEARY.


Senator Tydings, Democrat, of
Maryland today joined the move
developing in Congress against
raising the limit on the public debt
next year, by urging the Govern
ment to start a trend away from
deficit spending.
At the same time two other Dem
ocrats-Senators Adams of Colo
RADIO and King of Utah-amplified
their views on holding the debt
within present authorized bounds,
but with different Suggested methods
for accomplishing that result.
1T is not necessary, and I hope
1t will not be attempted" said Sena-
tor Tydings, referring to recent
speculation over whether the next
session would consider raising the
present S45,OOO,O00,00 limit on
issuance of Government securities
under the Liberty Loan Act.
Three courses are open to u.s."
the Marylander continued. I'VE
must spend less, raise more revenue,
policies, Certainly we can now
spend less. with improvement all
over the country.
Can't Go on indefinitely.
eve must begin now to approach
the day when we spend no more
than we take in. 1t is elementary
that we cannot go on indefinitely
spending more than We raise. And
the longer we postpone it the harder
1t is going to be for the people,
particularly the poor, to bear the
burdens that will be necessary"
The effort to avoid new taxes by
holding next years deficit down is
likely to prove setback to pending
legislation calling for new fields of
Federal expenditure. In the last
regular session, for example, bills
were under consideration proposing
Federal aid for education and for
the improvement of public health.
With sentiment growing for a
broader national defense program, in
view of world conditions, other legis-
lation calling for new appropriations
IS destined to face an uphill road.
Adams Plan.
Senator Adams, member of the
Banking and Appropriations Com
mittees, suggested course of pro-
cedure designed to make members
of Congress more conscious of the
debt.
His plan is to leave the $45,000.-
100000 ceiling unchanged, so that if
Congress undertook to make ap-
preparations that could not be
financed within that limit, the law
makers would at the same time have
to take Affirmative action author
izing the added Indebtedness. This
course of action, he contended,
would put the responsibility for
larger public debt more directly on
Congress than if it merely raised
the blanket authority of the Treas
urv to issue securities.
Senator King, a high ranking
member of the Finance Committee
which handles debt legislation, said
he is mot so sure that would prove
much of a deterrent"
The Utah Senator, like Senator
Adams, is opposed to raising the
debt limit, and announced he would
seek to avoid it by fighting to cur
tail expenditures.
"Cut Expenses"
Either cut expenses, or say
frankly that we have to raise the
debt limit, and in the latter event
I shall vote no." said Senator King.
Senator King said he would regret
the necessity for raising taxes next
year, but predicted that "if we per-
sist in enormous appropriations,
more revenue will become an inevi-
table need"
The Utahan said that undoubtedly
tax receipts will be larger next year,
but not sufficient in volume to form
much of cushion for anticipated
expenditures.
Declaring this country is becom-
ing too hystericaP on the subject
of national defense, Senator King
predicted the estimates under that
heading will be larger than the
situation warrants" He said also
he expects there will have to be
another large appropriation for the
Works Progress Administration.
II think all departments should
address themselves earnestly to cut
ting expenses wherever possible" he
added. Il hope we can get through
without new taxes, but I fear there
will be too large a deficit "